14-15 May 2003
Bonn, Germany

Background

The Conference of the Parties (COP), by its decision 5/CP.7, requested the secretariat to organize a workshop on insurance-related actions to address the specific needs and concerns of developing country Parties arising from the adverse effects of climate change and from the impact of the implementation of response measures.
Discussions and the exchange of information at the workshop covered the following main issues: Challenges for managing risk arising from the adverse effects of climate change and the impact of the implementation of response measures; approaches to risk management for the adverse effects of climate change and the impact of the implementation of response measures; limitations and problems with existing data; national and international initiatives as possible hedging mechanisms against potential economic losses.

Report of the workshop

Background papers

• Insurance-related actions to address the specific needs and concerns of developing country Parties arising from the adverse effects of climate change and from the impact of the implementation of response measures by Mr. Axel Michaelowa ( Background paper) 
• Insurance-related actions and risk assessment in the context of the UNFCCC by Joanne Linnerooth-Bayer, M.J. Mace and Roda Verheyen ( Background paper)

Agenda    

List of Participants  

Presentations

Insurance-related actions in the context of the adverse effects of climate change

Presenter	Party/ Organization	Subject
Ms. Joanne Bayer	International Institute for Applied Systems Analysis	Overview of insurance-related actions in the context of the adverse effects of climate change (186 kB)
Mr. Paul Clements Hunt	UNEP Finance Initiatives	Forging innovative public-private insurance mechanisms to address climate-related losses - What is needed? (1241 kB)
Mr. John Harding	Secretariat of the Intenational Strategy for Disaster Reduction	Linking disaster risk reduction and climate change adaptation (328 kB)
Mr. David Etkin	Environment Canada	The Canadian Disaster Experience: Driving Forces (876 kB)
Mr. David Crichton	Middlesex University and University College London	Risk management best practices (126 kB)

Insurance-related actions in the context of the impact of response measures

Presenter	Party/ Organization	Subject
Mr. Axel Michaelowa	Hamburg Institute of International Economics	Overview of insurance-related actions in the context of the impact of response measures (160 kB)
Mr. Ugo Fasano	International Monetary Fund	Fiscal policy in oil exporting countries and the role of oil saving and stabilization funds (107 kB)
Mr. Kjersti Flåthen	Norwegian Ministry of Finance	National initiatives to hedge against potential loss of oil revenues: The Norwegian Government Petroleum Fund (310 kB)
Mr. Axel Michaelowa	Hamburg Institute of International Economics	Capacity-building needs for risk assessment in the context of losses arising from the impact of the implementation of response measures (91 kB)