The impacts of climate change are increasingly undermining sustainable development and the reduction of poverty in developing countries such as Sri Lanka. In particular, the agriculture sector is vulnerable to the impacts of climate change aggravating social and economic vulnerabilities and compromising food security and livelihoods.
As part of a comprehensive climate and disaster risk management approach, risk finance and insurance solutions can enable more resilient economic development and help protect lives, livelihoods, businesses, public finances, and infrastructure. Climate and disaster risk transfer mechanisms are embedded into a framework of policies related to climate change, sustainable development, and disaster management, including the Nationally Determined Contributions under the Paris Agreement, the Warsaw International Mechanism for Loss and Damage, the National Adaptation Plan process, and the Agenda 2030 Sustainable Development Goals.
Just transition in the energy sector
- Key elements to ensure just transition in the energy sector
- Gaps and challenges faced in integrating aspects and strategies of just transition in the energy sector
- Institutional structures and role of actors in achieving just transition in the energy sector
- Entry points and opportunities for integrating just transition into climate policy initiatives and actions
- Success stories, best practices, and experience sharing on initiatives
Ensuring just transition in the food sector
- Key elements of just transition and their relation to global and local food systems
- Gaps and challenges faced in integrating aspects and strategies of just transition in the food sector
- Institutional structures and role of actors in achieving just transition in the food sector
- Entry points and opportunities for integrating just transition into climate policy initiatives and actions
- Success stories, best practices, and experience sharing on initiatives
Gender, inclusion, social protection, and cross-cutting aspects related to just transition
- Key cross-cutting aspects related to just transition
- Interlinks for integration of just transition with climate action and into different climate policy and action processes
- Impacts of COVID-19 and the role of recovery actions in contributing toward just transition
- Success stories, best practices, and experience sharing on initiatives
The impacts of climate change affect communities and economies across the globe, causing economic and non-economic losses and damages wherever they exceed adaptive capacities. Through the Nationally Determined Contributions (NDCs) under the Paris Agreement, countries can include components on loss and damage and establish national mechanisms and policies to address them. The session will focus on building capacities on the NDC process, the Warsaw International Mechanism on Loss and Damage, and different ways to integrate loss and damage into climate commitments, evidence-based policies and actions, and comprehensive risk management frameworks.
Additional Secretary
Ministry of Environment of Sri Lanka
Executive Director
SLYCAN Trust
Negotiator
LDC Group
Team Leader
African Group of Negotiators Experts Support
Senior Advisor - Global Climate Adaptation Policy
WWF International
Climate and Energy Practice
Regional Advisor for Climate & Resilience
Practical Action
Associate Project Manager
Munich Climate Insurance Initiative
Climate and disaster risks emerge from the interplay of hazards, exposure, vulnerability, and lack of coping and adaptive capacities. In particular, vulnerable sectors such as agriculture are in need of comprehensive risk management frameworks that take into account different aspects including risk awareness, risk assessments, risk prevention, risk reduction, risk transfer, and risk retention. The session aims to enhance the understanding of climate and disaster risk, discuss risk management strategies, and share experiences and best practices on mainstreaming climate and disaster risk into laws, policies, and actions, including NDCs, National Adaptation Plans, and development plans.
Additional Secretary
Ministry of Environment of Sri Lanka
Head of GEMESA
Global Environmental Management and Economic
Sustainability Advancement Sector
Director
Climate Resilience Practice, WRI India
Head of Knowledge Management & Scientific Affairs
APN
Programme Officer : Knowledge Management, Science and Institutional
Affairs
APN
Director
Disaster Management Center of Sri Lanka
Team Leader
African Group of Negotiators Experts Support
Founder and Executive Director
Young Volunteers for the Environment
PhD Candidate
University College London, Faculty of Laws
Senior Technical Advisor
SLYCAN Trust
Climate and disaster risk transfer and finance are not stand-alone solutions to climate risk but rather elements of a larger climate risk management strategy. Climate insurance and other risk transfer mechanisms have the potential to act as a safety net for vulnerable populations, divert risk away from them, and pool it across communities, countries, and regions. The session will discuss challenges, opportunities, and synergies of integrating risk transfer into national policies and commitments. It aims to enhance the understanding of risk transfer mechanisms as a key instrument to address climate change impacts, build capacities, and share lessons learned in Sri Lanka and across the world.
Additional Secretary
Ministry of Environment of Sri Lanka
Finance Advisor
V20
Director
Disaster Management Center of Sri Lanka
Technical Expert on National Adaptation Plans, Nature, Climate and
Energy Team
UNDP
Director
Disaster Preparedness and Prevention Center, Malaysia-Japan
International Institute of Technology, Universiti Teknologi Malaysia
PhD Candidate
University College London, Faculty of Laws
Chief Executive
Center for Participatory Research and Development
Senior Technical Advisor
SLYCAN Trust
As a key mechanism for risk transfer, climate insurance schemes can and have been implemented in different sectors and different forms around the world, including indemnity- and index-based schemes, agricultural insurance, livestock insurance, and disaster insurance. While insurance holds great potential to increase resilience, they need to be affordable, accessible, inclusive, and participatory to reach vulnerable communities and address their specific needs in a just and equitable manner. The session will have a strong technical focus on climate insurance schemes and their possible gaps, needs, and opportunities, as well as on best practices from different countries and organizations when it comes to implementing, sustaining, and upscaling insurance.
Additional Secretary
Ministry of Environment of Sri Lanka
Senior Research Manager
Climate Risk Finance and Resilience, Munich
Climate Insurance Initiative
Research Manager & Senior Policy Researcher (Adaptation)
NRE Group,
Institute for Global Environmental Strategies (IGES)
Senior Business Developer
Descartes Underwriting
PhD Candidate
University College London, Faculty of Laws
Senior Technical Advisor
SLYCAN Trust