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

Source
United Nations Framework Convention on Climate Change (UNFCCC)
Climate Objective
Adaptation
Planning and Implementation Activity
Developing and Implementing Policies and Measures
Financing Implementation
Language
English
Region
East Asia and Pacific
Europe and Central Asia
North America
Barriers Overcome
Political
Financial
Case Summary

The Conference of the Parties (COP), at its nineteenth session, established the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts (WIM) to address loss and damage associated with the adverse effects of climate change, including extreme events and slow onset events, in developing countries that are particularly vulnerable to the adverse effects of climate change.

This information document summarizes information submitted by the following 19 Parties and organizations in response to the call: European Union, Japan, Turkey, United States of America, CARE International (CARE), Centre for Climate Change Economics and Policy/Grantham Research Institute on Climate Change and the Environment, Centre for International Governance Innovation (CIGI), CINCS LLC, Climate Action Network International, Climate and Development Lab, Brown University/International Centre for Climate Change and Development, Climate Bonds Initiative, Food and Agriculture Organization of the United Nations, Global Facility for Disaster Reduction and Recovery/the World Bank Group, International Actuarial Association, Loss and Damage Network, Munich Climate Insurance Initiative (MCII), United Nations Development Programme (UNDP), Vivid Economics, and World Food Programme (WFP).

Further Information

Year Published
2016