Implementing Loss and Damage – a Breakthrough Solution to Secure the Financial Future of the World’s Most Climate Vulnerable States

Panellists will present a replicable, scalable solution for transferring the financial burdens of climate risks from vulnerable states onto insurance and capital markets. They will explain why this model represents a breakthrough in the design of the global financial architecture for Loss and Damage that is applicable to climate vulnerable states worldwide. Vulnerable states face losing more than 100% of GDP from climate shocks. We will discuss:

How can climate risk be transferred from vulnerable states in the Global South to international risk capital markets?

How much would it cost to cap the loss of the most extreme events at 10% of GDP for these most vulnerable?

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