Blended Finance and Innovative Insurance Products to De-risk Private Sector Investments in Climate Adaptation

When: 30 August 2022 at 15:45-16:45 (GMT+1)

Where: In-person capacity is full. Register here to access online.

According to UNEP’s Adaptation Gap Report, the estimated costs to adapt to climate change in developing countries are five to ten times greater than current public adaptation finance flows. There is, therefore, an urgent need to: 1) scale up adaptation finance; and 2) to integrate climate change impacts across business models.

This side-event, organized by UNEP, the NDC Action Project, and the governments of Uganda and Ghana, focuses on sustainable and practical financing solutions for climate adaptation, looking at blended finance models to reduce investment risks. The event will also explore the innovative use of insurance and guarantee products for building climate resilience.   

Speakers will comprise of the private sector (including financial institutions and impact investors), enabling government ministries, third sector organizations, and the beneficiaries of adaptation action (mostly climate-vulnerable communities). These speakers will provide practical insights on the barriers to the design of these solutions, and specifically, nature-based solutions and value chain approaches to prepare investable opportunities will be presented. The sessions will also highlight the potential to scale and replicate successful initiatives across different regions.

Speakers:

• Mrs Davinah Milenge Uwella, Principal Program Coordinator, Climate Change and Green Growth Department, African Development Bank
• Mr Richard Munang, Deputy Regional Director, Africa Office, UNEP
• Dr Antwi-Boasiako Amoah, Acting Director, Climate Vulnerability and Adaptation Environmental Protection Agency, Government of Ghana
• Mr Daka Munya, Chief Executive Officer, Agro Insurance Consortium (AIC), Uganda
• Mr Mohammed Katu, Chief Executive Officer, Ghana Agricultural Insurance Pool
• Mr Kwesi Korboe, Chief Executive Officer, Ghana Incentive-Based Risk-Sharing System for Agricultural Lending Project
• Ms Sumalee Khosla, Global Climate Adaptation Finance Adviser, UNEP
• Tigere Muzenda, Regional Business Investment Officer, Dutch Fund for Climate & Development

Learn more about UNEP’s work in adaptation here.

Learn more about the NDC Action project here.

For any questions, please reach out to Marcus.Nield@un.org