NAP Global Network Report Launch: Advancing Climate and Disaster Risk Finance and Insurance (CDRFI) in National Adaptation Plan (NAP) Processes
At a time when climate related disasters are predicted to push an additional 132 million people into extreme poverty by 2030, there is a need for concerted effort to strengthen adaptation and resilience building mechanisms.
Climate and disaster risk finance and insurance (CDRFI) solutions can play an essential role in climate change adaptation, enabling governments, businesses, and individuals to strengthen their financial resilience in the event of shocks, and providing information and incentives for improved management of risks.
National Adaptation Plan (NAP) processes will guide investments in adaptation over the coming years, whether from domestic budgets, the private sector, or international climate finance. Having CDRFI solutions better reflected in NAP processes will not only increase awareness of the role of these financial tools in a country’s adaptation journey, but also provide a basis for quickly and effectively scaling up such solutions.
This event will launch a new report analyzing the ways in which countries are integrating CDRFI solutions in their efforts to formulate and implement NAPs–as well as the missed opportunities. The analysis is a result of collaboration between the NAP Global Network and the InsuResilience Global Partnership (IGP).