Presented by Iosefa Maiava, UNESCAP Pacific at the Pacific Regional Dialogue on Financial Management of Climate Risk (26-28 June 2017, Apia)

1. Pacific Regional Dialogue on Financial
Management of Climate Risk
(26-28 June 2017, Apia)
‘Priorities for climate change related financial needs in the
Pacific and Financing for Development in Asia-Pacific’
Iosefa Maiava (UNESCAP Pacific Office)

2. “A Perfect Moral Storm: Climate Change” Stephen
M Gardnier
“ The peculiar features of the climate change problems pose
substantial obstacle to our ability to make the hard choices
necessary to address it. Climate change involves the
convergence of a set of global, intergenerational and
theoretical problems. This convergence justifies calling it a
‘perfect moral storm’. One consequence of this storm is that,
even if the other difficult ethical questions surrounding
climate change could be answered, we might still find it
difficult to act. For the storm makes us extremely vulnerable
to moral corruption”

3. Pacific SIDS Priorities
(‘Nadi Outcome Document’ 2013)
• Climate change
• Health, especially non-communicable diseases
• Social development
• Governance
• Infrastructure
• Sustainable energy
• Oceans
• Sustainable resource management and protection
• Inclusive and sustainable economic management
• Means of implementation and partnerships.

4. Pacific SIDS Priorities During SDGs Negotiations (OWG)
• Climate change
• Oceans and Fisheries
• Sustainable Energy
• Food Security and Water and Sanitation within context of healthy
oceans and climate change
• Peace justice and strong institutions
• Means of implementation and partnerships.
• Attention to Poverty particular emphasis on gender, social protection
with focus on most vulnerable and marginalized, and NCDs

5. High Level Objectives of the Framework for Pacific
Regionalism
• Sustainable development that combines economic social, and cultural
development in ways that improve livelihoods and well-being and use
the environment sustainably;
• Economic growth that is inclusive and equitable;
• Strengthened governance, legal, financial, and administrative
systems; and
• Security that ensures stable and safe human, environmental and
political conditions for all.

6. A Synthesis of Pacific Regional Priorities and
the draft Pacific SDGs roadmap
Thematic: (1) Climate Change and Disaster Risk
Reduction; (2) Oceans and Fisheries; (3) Infrastructure
for Affordable and Clean Energy, and Connectivity
(ICT); (4) Health, especially Non-communicable
Diseases; and (5) Empowering Women and Girls, and
People with Disabilities
Means of Implementation: (1) Building National
Ownership; (2) Targeting Regional Support; (3) Data
and Statistics; (4) Financing for Development; (5)
Effective Partnerships

7. Climate Change – Causes, Effects and
Responses
• OCEANS and Fisheries – Carbon Emissions and Marine Pollution
àAcidification and Degradation
• ß Renewable Energy à Low carbon and low polluting (of environment
and humans) infrastructure, and (subsidized) resource development and
transactions above (land) and below water
• àReduce NCDs and improve water and sanitation àGreater human
resilience (adaptive) and mitigation capacity
• Gender Equality and Disability (Social) Inclusion àGreater social cohesion
à Greater societal resilience (adaptive) and mitigation capacity
• ß Greater policy coherence and political will; focused regional
partnerships (ICT, Transport, Goods and ‘services’ Trade) and support
including Statistics and FfD

8. Financing for Climate Change Resilience and
Adaptation through Pacific SDGs Roadmap
• SDG 13 – 13.1 resilience and adaptive capacity and 13.a.1 (global) and
13.b.1 (disaggregate special assistance);
• SDG 14 – 14.1.1 contamination and pollution (plastics) and 14.3.1 marine
acidity;
• SDG 7 – 7.2.1 share of energy and 7.a.1 financial flows and 7.b.1
investment
• SDG 3 – 3.4.1 NCD mortality and SDG 5 gender equality and SDG 4.7
mainstreaming resilience through education

9. 4th High-level Dialogue on Financing for
Development in Asia and the Pacific (28-29 April 2017,
Bangkok)
• 50% global damage, 60% fatalities and 80% of people affected by
natural disasters last decade;
• Enhancing role of public finance for sustainable development;
• Engaging the Private Sector for Infrastructure Development
…measures including innovative financial products…catastrophic
insurance schemes and currency /interest rate risk hedging
instruments, as well as reform financial regulations
• Building resilient and sustainable infrastructure; and
• Promoting Financial Inclusion

10. Financing for Climate Change Resilience and
Adaptation in the Asia-Pacific
• High Level Dialogue on Regional Economic Cooperation in Asia Pacific
20-21 April – peer learning on insurance and risk pooling and an AP
regional knowledge platform…scoping study of good practice as well
as lessons learned…for example from the PICs with experience of
Pacific Catastrophe Rick Insurance (PICRAFI), the only one of its kind
in the Asia Pacific region;
• AP Regional Training Seminar: i) what practices work; ii) what
resources/support (technical and otherwise); and iii) regional
cooperation transferring to high-risk, low-capacity countries