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2016 Forum of the Standing Committee on Finance
 
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Background: At its eleventh meeting held in October 2015 in Bonn, Germany, the Standing Committee on Finance (SCF) decided to respond positively to the invitation, by the Executive Committee of the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts, to dedicate its 2016 forum to the theme of financial instruments that address the risks of loss and damage associated with the adverse effects of climate change, in the context of Action Area 7 of the workplan of the Executive Committee. The forum is in a two-day format, incorporating both plenary sessions and breakout group sessions. More than 100 representatives from governments, financial institutions, private sector and civil society are expected to attend the forum.

The 2016 forum of the Standing Committee on Finance was held in cooperation with the Asian Development Bank (ADB) and the Philippines Climate Change Commission.
 

Webcast: Video recordings are available for some of the SCF Forum sessions. Please click on the video icons (Image) where they appear in the programme below.

Highlights of the 2016 SCF forum : pdf-icon Please click here (266 kB) New!

Full programme of the 2016 SCF Forum : pdf-icon Please click here (195 kB)


 
Index to Sessions
Click on links to access each forum session, with presentations and biographies

Day 1


Opening:

Session 1:

Session 2:

Session 3:


Session 4:


Session 5:


Day 2


Opening:

Session 7:


Session 8:


Session 9:

Session 10:


Session 11:


Session 12:



Opening plenary >>

Setting the scene: Broad overview of loss and damage >>

Taking stock: Reviewing existing financial instruments >>

Parallel plenaries: Existing financial instruments: Case-studies and country experience >>

Break-out group discussions: Insights about financial instruments that address the risks of loss and damage >>

Outcomes of the break-out groups >>




Addressing questions from day 1; Introducing day 2 >>

Parallel plenaries: Emerging national/regional funding schemes and new financing approaches, instruments and opportunities >>

Break-out group discussions: Ways to replicate and scale-up good practices and enhance effectiveness and impact >>

Outcomes of the break-out groups >>

Panel discussion: Roles and functions of different actors and ways of strengthening linkages and collaboration >>

Plenary discussion: Reflections on key outcomes and conclusions of the forum >>

Closure of the Forum: Closing remarks by the Standing Committee on Finance >>

 

Full programme of the 2016 SCF Forum

Click on icons for videos Image and biographies Image of speakers
 

4 September 2016, Day 1

Opening
Welcome Reception
Hosted by Philippine Insurers and Reinsurers Association and UNEP-FI PSI.
18:00 - 21:30
pdf-icon Click here to download the reception programme (283 kB)

5 September 2016, Day 1

Opening
Opening plenary
Welcoming remarks and key note statements
09:00 - 09:30
Welcoming participants (5-10 min):
  • Mr Seyni Nafo
    SCF co-chair
Key note statements (5-10 min/each)
  1. Ms Patricia Espinosa (by video statement)
    Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC)

  2. Mr Emmanuel de Guzman
    Secretary of the Philippines Climate Change Commission

  3. Mr Bambang Susantono
    Vice-President for Knowledge Management and Sustainable Development, Asian Development Bank (ADB)

Session 1
Setting the scene

Broad overview of the range of approaches related to financial instruments and tools that address the risks of loss and damage associated with the adverse effects of climate change
09:30 - 10:15

Session aims: Enhancing understanding of risks of loss and damage by answering the following guiding questions:

  • What are the different types/spectrum of the risks of loss and damage, including both sudden and slow onset events, and how can they be identified and assessed?
  • What are the social aspects of the risks of loss and damage, including for particularly vulnerable countries, populations and the ecosystems they depend upon?
  • What is the range of approaches currently available at the different levels to address the risks of loss and damage?
  • What is needed, particularly by developing countries, to address the risks of loss and damage?
Presentations (30 min)
Plenary discussions (15 min)
  • Facilitator: SCF members

Session 2
Taking stock
Reviewing the existing financial instruments that address the risks of loss and damage across different levels and sectors
10:15 - 11:30

Session aims: Taking stock of the range of financial instruments and how they are structured and operate. It will aim at addressing the following guiding questions:

  • What is the current spectrum of financial instruments used to address the risks of loss and damage? How are they structured?
  • Which types of instruments are best suited for different levels (e.g. local/community, national, regional)?
  • Which risks of loss and damage are aimed at being addressed by the existing financial instruments?
  • Which risks of loss and damage are not being fully addressed by financial instruments and why?
  • How can the different financial instruments that address the risks of loss and damage be combined and complement each other?
Overarching presentations (30 min)
Plenary discussion (30-45 min)
  • Facilitator: SCF member
    Climate Change Commission of the Philippines

11:30 – 11:45: COFFEE BREAK Image

Session 3
Parallel Plenaries
Existing financial instruments that address the risks of loss and damage at different levels and sectors, case studies and country experiences
11:45 - 13:30

Session aims: Bringing the perspective of relevant actors through case-studies to highlight the benefits, challenges as well as gaps, limitations and favorable conditions on the following four types of existing financial instruments:

  1. Risk transfer schemes including insurance products and tools
  2. Social protection schemes
  3. Catastrophe and resilience bonds
  4. Contingency finance

Parallel plenary 1

  1. Risk transfer schemes including insurance products and tools (Munich Climate Insurance Initiative (MCII))
    Ms Simone Ruiz-Vergote
    Allianz Climate Solutions GmbH pdf-icon Image (1471 kB)
    pdf-icon The odds and beauties of risk transfer schemes (1478 kB)

  2. Social protection schemes
    Ms Donna Lagdameo
    International Federation of Red Cross and Red Crescent Societies (IFRC) Climate Centre
    pdf-icon Social Protection in the Area of Disaster Risk Reduction in Asia Pacific: IFRC Experience and Learnings (3948 kB)

  3. Catastrophe and resilience bonds
    Mr Thomas Kessler
    Swiss Re pdf-icon Image (70 kB)
    pdf-icon Disaster Risk Finance Insurance incl. Cat and Resilience Bonds (1266 kB)

  4. Country experience from Nicaragua on contingency finance
    Minister Paul Oquist
    Nicaragua, SCF member
    pdf-icon Country Experience on Contingency Finance: Nicaragua (8887 kB)














Facilitator: Ms Shereen D’Souza
Co-chair of the Executive Committee of the Warsaw International Mechanism for Loss and Damage pdf-icon Image (65 kB)

Parallel plenary 2

  1. Risk transfer schemes including insurance products and tools
    Mr Isaac Anthony
    Caribbean Catastrophe Risk Insurance Facilitypdf-icon Image (350 kB)
    pdf-icon Risk Transfer Schemes –the example of CCRIF SPC (2073 kB)

  2. Social protection schemes
    Ms Rupalee Ruchismita
    Resilience Design and Research Labs pdf-icon Image (98 kB)
    pdf-icon Comprehensive climate risk management: can social protection be a leverage? Insights from an on-ground pilot (2222 kB)

  3. Contingency finance
    Ms Tuga Alaskary
    African Risk Capacity (ARC) pdf-icon Image (271 kB)
    pdf-icon Contingency Finance (1885 kB)

    Information papers
    pdf-icon African Risk Capacity (171 kB)
    pdf-icon African Risk Capacity’s 2015 payouts (183 kB)
    pdf-icon The cost of drought in Africa (3082 kB)
    pdf-icon Extreme Climate Facility (XCF) (91 kB)

  4. Country experience presented from Africa Adaptation Initiative
    Ms Kulthoum Omari-Motsumi
    Africa Adaptation Initiativepdf-icon Image (246 kB)
    pdf-icon Accelerated Action on Adaptation and Implementing Approaches to Address Loss and Damage in Africa (427 kB)

Facilitator: Ms Laura Schaefer
United Nations University, Institute for Environment and Human Security (UNU-EHS)

13:30 – 14:30: LUNCH Image

Session 4
Break-out group discussions
Insights about financial instruments that address the risks of loss and damage
14:30 - 15:45

Session aims: Discussion of country experiences and favorable conditions (e.g. policies/strategies/plans (including INDCs, NAPs), institutions, capacity) to introduce and deploy these instruments at various levels.


The topics of the break-out groups will be the following:

  • What role do risk transfer schemes including insurance products and tools play in addressing the risks of loss and damage?
  • How can social protection schemes help to increase adaptive capacity, prevent and reduce risks and enhance livelihoods?
  • How can catastrophe and resilience bonds help to reduce risk of loss and damage and enhance resilience?
  • How can contingency finance contribute to address the risks of loss and damage?

Break-out Group 1
Risk transfer schemes including insurance products and tools


Discussion lead/rapporteur:
  • Mr Isaac Anthony
    Caribbean Catastrophe Risk Insurance Facility

  • Ms Simone Ruiz-Vergote
    Allianz Climate Solutions GmbH

Break-out Group 2
Social protection schemes



Discussion lead/rapporteur:
  • Ms Rupalee Ruchismita
    Resilience Design and Research Labs

  • Ms Donna Lagdameo
    International Federation of Red Cross and Red Crescent Societies (IFRC) Climate Centre

Break-out Group 3
Catastrophe and resilience bonds


Discussion lead/rapporteur:
  • Mr Thomas Kessler
    Swiss Re

Break-out Group 4
Contingency finance


Discussion lead/rapporteur:
  • Ms Tuga Alaskary
    African Risk Capacity (ARC)

15:45 – 16:00: COFFEE BREAK Image

Session 5
Outcomes of the break-out groups
16:00 - 17:30
Report back from the break-out groups (40 min)
Break-out group moderators
Plenary discussions (50 min)
  • Facilitator: SCF member

Session 6
Wrap up of day 1
17:30 - 18:00
Plenary discussion (30 min)

18:00 onwards: EVENING RECEPTION (hosted by the Asian Development Bank)



6 September, Day 2

Opening
Addressing questions from day 1; Introducing day 2
08:30 - 09:30
Session aims: Recap and further discussion space for additional questions and issues raised during the first day / setting the stage for the second day
Plenary discussion (60 min)
  • Facilitator: SCF members

Session 7
Parallel plenaries:
Experiences of emerging national/regional funding schemes and new financing approaches, instruments and opportunities that address the risks of loss and damage
09:30 - 10:50

Session aims: Discussion of experiences of emerging national/regional funding schemes and new financing instruments that address the risks of loss and damage. This will draw from identified and discussed gaps in the existing landscape of financial instruments


Guiding questions:
  • What are the experiences from emerging national/regional funding schemes?
  • What are the alternative instruments/options/solutions for addressing those risks of loss and damage that are not being addressed by the existing financial instruments?
  • How do new financial instruments substitute/complement other existing tools which are not in use or have proven not to be effective?

Parallel plenary 1

National/regional funding schemes that address the risks of loss and damage



Presentations

  1. Mr Ichiro Sato
    Japan pdf-icon Image (235 kB)

    Ms Maria Obdulia Vitug-Palanca
    Philippines pdf-icon Image (321 kB)

    Mr Takeshi Kuwabara
    Japan pdf-icon Image (351 kB)
    pdf-icon Making risk finance an integral synergizing element of comprehensive risk management: Philippines’ experience (1145 kB)

  2. Mr Pablo Acosta
    World Bank pdf-icon Image (252 kB)
    pdf-icon What Makes Social Protection Systems Adaptive? (1936 kB)







Facilitator: Mr Richard Muyungi
Division of Environment Vice President’s Office, Tanzania

Parallel plenary 2

New financing approaches, instruments and opportunities that address the risks of loss and damage


Presentations

  1. Mr Butch Bacani
    United Nations Environment Programme (UNEP) Finance Initiative
    pdf-icon New financing approaches, instruments and opportunities that address the risks of loss and damage (1490 kB)

  2. Mr Red Constantino
    Institute for Climate and Sustainable Cities (iCSC) pdf-icon Image (253 kB)
    pdf-icon Notes on Philippine funding options in the Loss and Damage age (494 kB)

  3. Mr Max Linsen
    European Commissionpdf-icon Image (64 kB)
    pdf-icon EU experiences in policy, funding and financing instruments addressing Loss and Damage (917 kB)

Facilitator: Ms Natalie Unterstell
Climate Finance Group of Latin America and the Caribbean (GFLAC)pdf-icon Image (145 kB)

10:50 – 11:05: COFFEE BREAK Image

Session 8
Break-out group discussions
Ways to replicate and scale-up good practices and enhance effectiveness and impact
11:05 - 12:20

Session aims: Participants will be divided in two breakout groups to generate practical insight to replicate and scale-up good practices of existing financial instruments and funding schemes with a particular emphasis on the most vulnerable.

Guiding questions:

Break-out Group 1
What are the limitations of the existing financial instruments to address the risks of loss and damage and what could be other options/solutions, considering best practices around?

Discussion lead/rapporteur
  • Ms Sandra Guzman
    Climate Finance Group of Latin America and the Caribbean (GFLAC)pdf-icon Image (19 kB)
Break-out Group 2
What is the role and importance of enabling environments (e.g. policies/strategies, institutions, capacity) to effectively apply financial instruments to address the risks of loss and damage?

Discussion lead/rapporteurs
  • Ms Gelila Terrefe
    United Nations Development Programme (UNDP)pdf-icon Image (309 kB)

  • Ms Tuga Alaskary, African Risk Capacity (ARC)

Session 9
Outcomes of the break-out groups
12:20 - 13:05
Report back from the break-out groups (20 min)
Break-out group moderators
Plenary discussions (25 min)
  • Facilitator: SCF members

13:05 – 14:05: LUNCH Image

Session 10
Roles and functions of different actors and ways of strengthening linkages and collaboration
14:05 - 15:35

Session aims: Enhancing understanding of the respective roles and functions of governments, regional entities, the international climate regime, MFIs, donors, and private sector in promoting the development and use of financial instruments to address the risks of loss and damage. It will also explore ways how governments can incentivize the development and application of financial instruments by the private sector.


Guiding questions:

  • What are the different roles and functions of the different public and private actors?
  • How can public-private partnerships at different levels enhance the development and deployment of financial instruments that address the risks of loss and damage?
  • How can public policies complement and promote private action?

Facilitator: Ms Joanne Manda
United Nations Development Programme (UNDP)pdf-icon Image (259 kB)


10 min inputs (30 min)

  1. Ms Charlotte Benson
    Asian Development Bank (ADB)
    pdf-icon Strengthening financial resilience: the role of ADB (409 kB)

  2. Mr Gottfried von Gemmingen
    G7 Climate Risk Insurance Initiative
    pdf-icon Experiences of the G7 Climate Risk Insurance Initiative - InsuResilience (516 kB)

Panel discussion (30 min)

  • Congressman Jose Salceda
    Philippine House of Representativespdf-icon Image (216 kB)

  • Mr Michael Schwarz
    Asiability Grouppdf-icon Image (227 kB)

  • Ms Charlotte Benson
    Asian Development Bank (ADB)pdf-icon Image (273 kB)

  • Mr Gottfried von Gemmingen
    G7 Climate Risk Insurance Initiativepdf-icon Image (236 kB)

15:35 – 15:50: COFFEE BREAK Image

Session 11
Plenary discussion
Reflections on key outcomes and conclusions of the forum
15:50 - 17:20

Plenary discussion (90 min)

Facilitator: SCF members


Session 12
Closure of the Forum Closing remarks by the Standing Committee on Finance
17:20 - 18:00

Plenary discussion (40 min)

Facilitator: SCF Co-chairs

 

If you have any queries, please contact the secretariat at: standingcommittee@unfccc.int



Please click here to go back to the SCF forum mainpage.


Updated: 13 September 2016
 
Documents
pdf-icon 1-page summary of the 2016 SCF forum (369 kB)

pdf-icon Full summary report of the 2016 SCF forum

pdf-icon Programme (195 kB)

pdf-icon General information sheet (1003 kB)

Inputs received

Additional Information
 
Links to previous SCF forum webpages
SCF Forum Mainpage

2013 SCF Forum
"Mobilizing Finance & Investment for Climate Action Now"

2014 SCF Forum
"Mobilizing Adaptation Finance"

2015 SCF Forum
"Enhancing coherence and coordination of forest financing"