The use of Climate and Disaster Risk Finance and Insurance (CDRFI) approaches has significantly increased in recent years. The increase in relevance and use is well-reflected in the IPCC’s Sixth Assessment report, which extensively covers the role CDRFI can play as a climate adaptation tool, as well as more detailed impacts and observations on the CDRFI sector’s response to climate change. The IPCC report comes with a Summary for Policymakers, a Technical Summary and the full report containing 18 chapters and 7 cross-chapter papers.
This factsheet sheds light on the IPCC’s assessment of the role of Climate and Disaster Risk Finance and Insurance global climate change adaptation. It summarizes the key messages on CDRFI in Working Group II’s contribution on Impacts, Adaptation and Vulnerability to the IPCC’s Sixth Assessment Report (AR6).