The Munich Climate Insurance Initiative (MCII) hosted at UNU-EHS aims to develop and promote Climate and Disaster Risk Finance & Insurance (CDRFI) solutions to address the financial risks associated with climate change, particularly for vulnerable communities in low-income regions. MCII aims to mobilize international support for CDRFI mechanisms that provide timely financial responses to climate-related events, ensuring that those without access to risk management tools can effectively manage climate risks and recover from disasters.
Commissioned by UNDP, MCII has been developing a supplementary NAPs guideline to better integrate Disaster Risk Finance into National Adaptation Plans (NAPs). This guideline aims to enhance understanding of the NAP process and to view NAPs as comprehensive opportunities for effectively managing climate change risks.
Objectives
This session will deepen participants knowledge on:
Process of formulating and implementing actionable National Adaptation Plans (NAP)
Roles of Climate and Disaster Risk Finance & Insurance (CDRFI) instruments and related methods
Using CDRFI for comprehensive risk management and building a strong climate rationale for mobilising finance.
Integrating tools and measures into NAPs or project ideas at various stages of the NAP process using the example of Disaster Risk Finance
General Structure
Depending on the number of participants, two (or four) tables will focus on key NAP phases. Table 1 will cover the Cross-cutting and Formulation Phase, including groundwork, risk assessment, and selecting adaptation options. Table 2 will focus on the Implementation Phase, such as policy execution, finance planning, funding proposals, and mainstreaming adaptation into national strategies.
Each table will be equipped with large sheets of paper and pre-printed processes (Formulation-Implementation-Review) along with guiding questions for each step (e.g., "Which entities could serve as potential co-financiers?") to help start discussions.
Participants, guided by facilitators, will work through these questions and identify the necessary actions for each phase. Facilitators will provide insights into best practices for making NAPs more investable, cost-efficient, and capable of attracting additional funding, including through using CDRFI and related quantification tools.
Participants are also encouraged to share their own examples and experiences throughout the discussions.
Time/Duration
Segment
Speaker & Affiliation
Opening
10 min
(TBC) Opening remarks: NAP financing and GCF’s support
(TBC) GCF
10 min (max)
Brief Introduction on NAP
Why NAP is important for the countries?
Overview on the process and main stakeholders
Ms. Serin Oh, UNU / MCII
10 min
Brief Introduction on CDRFI
What is CDRFI??
Examples on Best practices
Ms. Soenke Kreft, UNU/ MCII
Round 1
5 min
Introduction and scene setting
Ms. Serin Oh, UNU-EHS
20 min
Discussion
Facilitators:
Table 1: NAP Formulation & Cross-cutting: Ms. Magdalena Mirwald, Mr. Nazaruddin Puteh
Table 2: NAP Implementation & Review: Ms. Serin Oh , Mr. Soenke Kreft, GCF Representative (tbc)
5 min
Summary among participants
Round 2
10 min
Status check
Mr. Soenke Kreft, UNU-EHS
15 min
Discussion
Facilitators:
Table 1: NAP Formulation & Cross-cutting: Ms. Magdalena Mirwald, Mr. Nazaruddin Puteh
Table 2: NAP Implementation & Review: Ms. Serin Oh, Mr. Soenke Kreft, GCF Representative (tbc)
5 min
Wrap-up
Relevant Resources
Kickoff Podcast
Listen to this introductory podcast that sets the context for the session!