2016 Forum of the Standing Committee on Finance
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 was in a two-day format and incorporated both plenary sessions and breakout group sessions. More than 100 representatives from governments, financial institutions, private sector and civil society attended 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 () where they appear in the programme below.
Highlights of the 2016 SCF forum : Please click here
Full programme of the 2016 SCF Forum : Please click here
Index to Sessions
|
|
Day 1
Opening:
Session1:
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 Financea
|
Full programme of the 2016 SCF Forum
Click on icons for videos and biographies of speakers
4 September 2016, Day 1
5 September 2016, Day 1
Opening
|
Opening plenary
Welcoming remarks and key note statements
|
09:00 - 09:30
|
Welcoming participants (5-10 min):
Key note statements (5-10 min/each)
-
Ms Patricia Espinosa (by video statement)
Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC)
-
Mr Emmanuel de Guzman
Secretary of the Philippines Climate Change Commission
-
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)
|
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)
|
11:30 – 11:45: COFFEE BREAK
13:30 – 14:30: LUNCH
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:
|
Break-out Group 2
Social protection schemes
Discussion lead/rapporteur:
|
Break-out Group 3
Catastrophe and resilience bonds
Discussion lead/rapporteur:
|
Break-out Group 4
Contingency finance
Discussion lead/rapporteur:
|
15:45 – 16:00: COFFEE BREAK
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)
|
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
-
Mr Ichiro Sato
Japan (235 kB)
Ms Maria Obdulia Vitug-Palanca
Philippines (321 kB)
Mr Takeshi Kuwabara
Japan (351 kB)
Making risk finance an integral synergizing element of comprehensive risk management: Philippines’ experience (1145 kB)
-
Mr Pablo Acosta
World Bank (252 kB)
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
-
Mr Butch Bacani
United Nations Environment Programme (UNEP) Finance Initiative
New financing approaches, instruments and opportunities that address the risks of loss and damage (1490 kB)
-
Mr Red Constantino
Institute for Climate and Sustainable Cities (iCSC) (253 kB)
Notes on Philippine funding options in the Loss and Damage age (494 kB)
-
Mr Max Linsen
European Commission (64 kB)
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) (145 kB)
|
10:50 – 11:05: COFFEE BREAK
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
|
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) (309 kB)
-
-
Ms Tuga Alaskary, African Risk Capacity (ARC)
|
13:05 – 14:05: LUNCH
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) (259 kB)
10 min inputs (30 min)
-
Ms Charlotte Benson
Asian Development Bank (ADB)
Strengthening financial resilience: the role of ADB (409 kB)
-
Mr Gottfried von Gemmingen
G7 Climate Risk Insurance Initiative
Experiences of the G7 Climate Risk Insurance Initiative - InsuResilience (516 kB)
Panel discussion (30 min)
-
Congressman Jose Salceda
Philippine House of Representatives (216 kB)
-
-
Mr Michael Schwarz
Asiability Group (227 kB)
-
-
Ms Charlotte Benson
Asian Development Bank (ADB) (273 kB)
-
-
Mr Gottfried von Gemmingen
G7 Climate Risk Insurance Initiative (236 kB)
|
15:35 – 15:50: COFFEE BREAK
Session 11
|
Plenary discussion
Reflections on key outcomes and conclusions of the forum
|
15:50 - 17:20
|
Plenary discussion (90 min)
Facilitator: SCF members
Summary Slide (64 kB)
|
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
1-page summary of the 2016 SCF forum (369 kB)
Full summary report of the 2016 SCF forum
Programme (195 kB)
General information sheet(1003 kB)
Inputs received
Additional Information