Last year, we posted a series of audio-blogs outlining the key events of the 22nd Conference of the Parties as they unfolded. To continue with our tradition, we are commemorating the start of the UNFCCC’s COP23 with thoughts from GCAP CEO Tom Downing!
... No one knows!
According to the Centre for Disaster Management and Risk Reduction Technology in Germany (by way of the Economist), rebuilding the Caribbean (including Puerto Rico) in the aftermath of Irma will cost nearly US$13bn. Critical to any reconstruction effort is an understanding of climate finance flows and what outcomes are produced for the communities.
In recent weeks, Harvey, Irma, Jose, and Maria have generated heartbreaking images of widespread destruction, bringing into sharp focus the devastating power of nature and man’s tenuous place in the world. While the global call to combat climate change gains momentum, the visual record of these storms’ impacts on communities fosters a visceral and profound sense of urgency.
In late April, GCAP and Grupo Laera headed to Washington DC to present the Private Markets for Climate Resilience (PMCR) project at Proadapt’s “Climate Risk and Investment Symposium: Framing Private Challenges and Opportunities”. The conference, organized by Proadapt, a program of the Multilateral Investment Fund of the Inter-American Development Bank, in partnership with the Nordic Development Fund, showcased thought leaders and practitioners with topics which included examples of resilience investments in selected sectors, evolving investment instruments, models and metrics, developments in climate resilience data, analytics and entrepreneurship, among other issues.