24 August 2016

Loss and Damage a key topic at this year's UNFCCC's Forum of the Standing Committee on Finance

RISK's Deputy Director, Reinhard Mechler, is to contribute to discussions on the use of financial instruments in dealing with the risks of loss and damage.

© Hrlumanog | Dreamstime.com - <a href=Flood in Manila, Philippines " title=""/>

© Hrlumanog | Dreamstime.com - Flood in Manila, Philippines

The application of financial instruments to deal with loss and damage poses several important questions: which instruments are best suited for different levels? Which risks at the local, national, regional level are not currently being addressed and why? How might existing financial instruments be combined in order to complement each other?

Reinhard Mechler's presentation on the "Challenges and Opportunities in Applying Financial Instruments to Loss and Damage" aims to address these and other key issues in order to inform ongoing deliberations on the International Loss and Damage Mechanism; this mechanism offers options for avoiding critical climate risk, as well as providing support for permanent loss from climate change.

Reinhard Mechler's presentation forms part of a panel with Shereen D'Souza, co-chair of the Executive Committee of the Warsaw International Mechanism for Loss and Damage, and Hajif Khan, negotiator for the Least Developed Country group.

The Fourth Forum of UNFCCC's Standing Committee on Finance, 5-6 September 2016, will take place at the headquarters of the Asian Development Bank in Manila, Philippines.


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Last edited: 24 August 2016

CONTACT DETAILS

Reinhard Mechler

Deputy Program Director

Risk and Resilience

T +43(0) 2236 807 313

International Institute for Applied Systems Analysis (IIASA)
Schlossplatz 1, A-2361 Laxenburg, Austria
Phone: (+43 2236) 807 0 Fax:(+43 2236) 71 313