Your location: Home > Adaptation > Groups & Committees > Loss and Damage Executive Committee

Financial instruments



Action Area 7 of the initial two-year workplan of the Executive Committee:
Encourage comprehensive risk management by the diffusion of information related to financial instruments and tools that address the risks of loss and damage associated with the adverse effects of climate change to facilitate finance in loss and damage situations in accordance with the policies of each developing country and region, taking into account the necessary national efforts to establish enabling environments. These financial instruments and tools may include: comprehensive risk management capacity with risk pooling and transfer; catastrophe risk insurance; contingency finance; climate-themed bonds and their certification; catastrophe bonds; and financing approaches to making development climate resilient, among other innovative financial instruments and tools

Active calls for input and invitations  Relevant work undertaken under the UNFCCC   

pdf-icon Invitation to public institutions, funds and private investors to provide relevant information on: (i) Efforts that your organization has undertaken or plans to undertake to incorporate climate risk and resilience into development projects and into investment criteria and decisions; (ii) Research and development efforts that your organization has undertaken on financial instruments and tools that address the risks of loss and damage associated with the adverse effects of climate change.

 

Call for inputs in response to the key messages in the context of Action Area 7 of the initial two-year workplan, including making recommendations for addressing any gaps and challenges

 

Call for submissions on best practices, challenges and lessons learned from existing financial instruments. See submissions received to date >>>

 

Please submit inputs to loss-damage(at)unfccc.int.

 ● pdf-icon Information paper on best practices, challenges and lessons learned from existing financial instruments at all levels that address the risk of loss and damage associated with the adverse effects of climate change (August 2016)                                                

 

2016 Forum of the Standing Committee on Finance on financial instruments that address the risks of loss and damage (5–6 September 2016, Manila, Philippines)

 

pdf-icon Technical paper on gaps in existing institutional arrangements within and outside of the Convention to address loss and damage, including those related to slow onset events (2012)

 

pdf-icon Synopsis of the technical paper




Abbreviations used: European Union (EU), United States of America (USA), CARE International (CARE), Centre for Climate Change Economics and Policy/Grantham Research Institute on Climate Change and the Environment (CCCEP), Centre for International Governance Innovation (CIGI), CINCS LLC, Climate Action Network International (CAN), Climate and Development Lab, Brown University/International Centre for Climate Change and Development (CDL/ICCCAD), Climate Bonds Standard, Food and Agriculture Organization of the United Nations (FAO), Global Facility for Disaster Reduction and Recovery/the World Bank Group (GFDRR), International Actuarial Association (IAA), International Labour Organization (ILO), Loss and Damage Network, Munich Climate Insurance Initiative (MCII), United Nations Development Programme (UNDP), Vivid Economics, and World Food Programme (WFP).