“Drought risk financing: Why writing the last chapter first matters" by Markus Enenkel at the 2023 Water for Food Global Conference. A recording of the presentation can be found on the conference playlist: https://youtube.com/playlist?list=PLSBeKOIXsg3JNyPowwJj6NDSpx4vlnCYj.

1. Drought risk financing: Why writing the
last chapter first matters
Markus Enenkel

2. Last chapter?
National risk ownership
Risk-informed decision-making
Actual co-design

3. Where we were
Where we are
Where we could/should be

4. Where we were
Famine = time to act; example East Africa 2011
Huge delays between shock and payouts
Rainfall or NDVI

5. Where we are
Disaster risk financing at different scales
Convergence of evidence
Weak socioeconomic baseline

6. Where we could/should be
Resolve basic issues (data formats, trends, etc.)
Hybrid drought index development
Close the gap between micro and macro level applications

7. What we can do
Turn buzzwords into reality
Think beyond individual projects
Support the next generation of climate data/science translators
Increase funding for climate change adaptation
Regulate, but don’t overregulate AI developments