Second meeting of the OECD Task Force on Climate Change Adaptation presentation - Swenja Surminski
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Second meeting of the OECD Task Force on Climate Change Adaptation presentation - Swenja Surminski
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Second meeting of the OECD Task Force on Climate Change Adaptation presentation - Swenja Surminski
- 1. β’ We see evidence of cuts to adaptation/resilience finance post COVID (and cuts to ODA?) β’ At the same time we don't see enough evidence of COVID-stimulus packages embracing adaptation/resilience opportunities. ο Both trends are very worrying and will, if left unchanged, lead to risk creation and loss of adaptive capacity and resilience. How is COVID-19 impacting the availability of Climate Adaptation finance?
- 2. 1. Donors increasing commitments to Green Climate Fund, momentum to build forward better, maximising Triple Resilience Dividends. But will this be realized, how can we support this? (Zurich Flood Resilience Alliance, IIASA, Zurich) 2. Opportunity for natural capital investments: Evidence shows that nature- based stimulus investment scenario outperforms a business-as-usual stimulus investment scenario globally - how to make sure that this opportunity is not missed? (Food and Land Use Coalition & Vivid Economics, forthcoming) 3. Role of natural capital in supporting adaptation is also gaining recognition amongst the private sector, but how to make this work under commercial financing terms? (LSE Maryam Forum Co-Lab Blue Finance) 4. Private sector investment flows: finding metrics for adaptation is still work in progressβ regulators are driving this, disclosure can lead to action, but which adaptation parameters to use? (with Bank of England, UKCCRA) But there is room for optimism: Suggestion: The Task Force to facilitate further work on the above.