The United Nation’s World Food Programme (WFP) and the World Bank signed an agreement today to scale up disaster risk protection financed by Germany and the United Kingdom for vulnerable communities and nations faced with catastrophic climate extremes.
Today, the Dutch ‘Champions Group for Deltas and Coastal Areas’ initiative was launched at COP27 in Egypt. The Champions are a group of countries facing huge challenges due to climate change, resulting in the need for large climate adaptation investments.
Land-use planning needs to be updated to respond to a changing climate. This means working with nature, involving communities and, importantly, including the tools needed to plan for risk and uncertainty.
The panellists discussed innovative solutions in disaster risk finance where SIDS are leading the way, while simultaneously helping to establish deeper collaboration between governments, international humanitarian organizations and risk financing entities
Focusing on eight cyclone-prone countries across multiple regions, the $30 million risk transfer financing platform seeks to support 15 million children, youth and women over an initial three-year pilot.