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Emerging cost related decision making tools for climate change risk in Viet Nam

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High-level inter-ministerial workshop held in Hanoi June 6-7, 2017 hosted by the Ministry of Agricultural Development (MARD) of Viet Nam and supported under the Integrating Agriculture in National Adaptation Plans (NAP-Ag) Programme. The meeting was attended by over 75 national and provincial level government officials, including MONRE, MARD, MPI and the Ministry of Finance (MOF), UN and development partners, private sector representatives including insurance companies, as well as non-governmental organisations.

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Emerging cost related decision making tools for climate change risk in Viet Nam

  1. 1. EMERGING COST-RELATED DECISION MAKING TOOLS FOR CLIMATE CHANGE RISK IN VIET NAM INTER-MINISTERIAL TECHNICAL WORKSHOP ON VALUATION OF CLIMATE CHANGE IMPACTS IN VIET NAM HANOI 6-7 JUNE 2017
  2. 2. OVERVIEW • WHY PRIORITISE CLIMATE CHANGE RESILIENT INVESTMENT? • HOW IS VIET NAM CURRENTLY INVESTING? • WHAT INFORMATION IS NEEDED TO EFFECTIVELY MANAGEMENT THESE RISKS? • WHAT TOOLS DOES VIET NAM HAVE TO FAST-TRACK ACTION AS PART OF ITS CLIMATE CHANGE POLICY? • ARE THERE OPPORTUNITIES TO STRENGTHEN THE SYSTEM?
  3. 3. Source http://unfccc.int/adaptation/workstreams/loss_and_damage/items/6056.php
  4. 4. Short Term Medium term Long term Very long term Direct Disaster/ Climate Change Related Impact Damage to roof Loss of rice crop Destruction of road or bridge Loss of fruit tree Coastal erosion Increased salt- water intrusion to agricultural land Long term sea level rise/ Ocean acidification Loss of agricultural land to salt water intrusion Current Primary Action Humanitarian assistance Early recovery support Allocation of additional annual budget for recovery Consider adaptation/ changes to reduce future risk Increased use of engineering measures (sea walls etc.) Changes in land- use (rice/ shrimp or living with floods) Relocation of people and assets Changes in local industry/ economies Potential Financial risk sharing tools Individual insurance schemes Individual/ sovereign risk sharing Risk-transfer to spread cost of major event Insurance and risk- sharing become less viable Small scale Insurance/ re- Government Area for future
  5. 5. WHAT INFORMATION IS NEEDED ? • Information on assets at risk and historical losses (what you stand to lose) • Information on how climate change will impact key sectors (how much it will get worse) • Information on expenditure (what you are currently spending) • Information on costs of adaptation options (what’s the cheapest way to fix it)
  6. 6. DATA ON ASSETS AT RISK AND HISTORICAL LOSSES: • 2015 Government Decision 43 records post-disaster damage in key sectors • It is a strong base but field data collection and processing systems need strengthening • Systems focus mainly on direct not indirect costs • Data not always accessible 3GD THIỆT HẠI VỀ GIÁO DỤC 3.1GD01 Số điểm/trường bị ảnh hưởng điểm 3.2GD02 Phòng học, phòng chức năng công vụ, nhà ở tập thể, nhà bán trú cho học sinh/sinh viên bị thiệt hại cái 3.2. 1GD021 Sập, đổ, hư hỏng rất nặng (>70%) cái 3.2. 2GD022 Xiêu vẹo, hư hỏng nặng (từ 30-70%) cái 3.2. 3GD023 Xiêu vẹo, hư hỏng một phần (< 30%) cái 3.4GD04 Số học sinh/sinh viên phải nghỉ học học sinh 3.5GD05 Máy vi tính và các thiết bị giáo dục ở điểm/trường bị hư hỏng triệu đ 3.6GD06 Tài sản khác bị hư hại (*) triệu đ 4YT THIỆT HẠI VỀ Y TẾ 4.1YT01 Số cơ sở y tế (bệnh viện, trung tâm y tế, trạm y tế) bị thiệt hại cái 4.1. 1YT011 Sập, đổ, hư hỏng rất nặng (>70%) cái 4.1. Does not currently include means of estimating financial losses
  7. 7. INFORMATION ON HOW CLIMATE CHANGE WILL IMPACT KEY SECTORS • Viet Nam has good climate projection data but this is not open-source available to modellers to create risk models • Some hazards/ risks like ocean acidification or saltwater intrusion are not yet adequately mapped • More work to integrate this data in to planning is needed
  8. 8. INFORMATION ON CURRENT INVESTMENT: • Tools like Climate public expenditure reviews are helpful • Need to be coupled with improved climate recovery planning • Current systems still track just projects, not investments actions like M&E • Systems to better estimate adaptation investment costs at local level is
  9. 9. IMPROVED TOOLS FOR DECISION MAKING • Help provinces weigh-up where and how to invest • Move from looking at cost benefit of a project to looking at overall investment options and project selection process • Adjustments to incentive systems to reward low-cost wide cost action
  10. 10. GEF Funding Climate Resilient Infrastructure Project Inter-active database: Climate Change Vulnerability of irrigation, embankment and road construction (Hoa Binh City, 1:50,000)
  11. 11. ECONOMICS OF CLIMATE CHANGE ADAPTATION AGRICULTURE SECTOR ANALYSIS FOR VIET NAM (ECCA) “Farmers who use irrigation techniques earn US$62 per acre more than non-irrigated farms. The impact of climate change on rain- fed and irrigated farms is also different. These impacts influence farmers’ adaptation choices.”
  12. 12. OPPORTUNITIES TO STRENGTHEN SYSTEMS • Identify gaps in national capacity to conduct risk assessments and conduct risk auditing for key sectors where limits to current adaptation capacity can be seen • Strengthen implementation of current disaster damage and loss reporting and improve accounting of financial losses • Strengthen research on slow onset events, sea level rise and ocean acidification impacts and costing potential assets at risk • Facilitate technical level inter-ministerial dialogue and capacity building on approaches to address extreme weather events and future damage and loss and on improving information flow (particularly MPI, MARD, MoNRE, MoC and MoF) • Undertake an initial review of global, regional and existing in-country risk transfer mechanisms to identify scope and requirements for
  13. 13. THANK YOU jenty.kirsch-wood@undp.org

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