Experts are gathering this week in Rabat, Morocco, to discuss how finance can be mobilized for infrastructure that is able to withstand the impacts of climate change, which include more frequent and severe storms and flooding.
Investing in climate resilience across all sectors and industries makes good business sense as it can prevent inefficiencies and costly retrofitting of infrastructure while reducing the vulnerability of societies.
The two-day event of the Standing Committee on Finance is bringing together around 120 participants from around the world, including experts and practitioners from local and central governments, multilateral development banks, UN organizations, infrastructure project developers, and the financial sector including the insurance industry.
The meeting is featuring presentations by leading researchers and practitioners as well as diverse case studies on climate-resilient infrastructure and its financing, ranging from the Lake Bizerte rehabilitation project in Tunisia and water adaptation measures in the housing sector in Jamaica to hydropower resilience in Tajikistan.
Participants are exploring how to improve risk information and assessment so that they can feed the information into infrastructure investment decisions and policy making processes.
The full programme of the 2017 SCF Forum can be found here.