Promoting Coastal Resilience through Novel Finance Solutions

Join us at this Race to Resilience dialogue at the Latin America and Caribbean Climate Week!

Webinar recording

Agenda and Concept Note

Interpretation in Spanish and Portuguese will be available during the event.

There is an urgent need to better understand and mitigate ocean-derived risks, and promote the resilience of coastal natural capital. Investing in Nature-based Solutions is a key part of protecting communities that are vulnerable to ocean risk and regenerating biodiversity. This means valuing and protecting coastal ecosystems which are critical natural assets for reducing disaster impacts. 

The High Level Champions Race to Resilience campaign has recently been launched to catalyse action by non-state actors that builds the resilience of 4 billion people from groups and communities who are vulnerable to climate risks by 2030. One of three themes is on coastal resilience. This side event responds to this by exploring the actions that are needed in the Latin America and Caribbean region to build resilience.

This event has three objectives:

  • To highlight innovative resilience financing mechanisms and pioneering insurance products that can enable climate adaptation in coastal countries to build their resilience to climate risks;
  • To identify the main challenges in assessing climate risks in Latin American and Caribbean coastal communities and methods used to overcome those challenges; and
  • To showcase practical case studies and city climate action plans and commitments to maintain and expand coastal natural capital.

Agenda:

Welcoming and Opening; Race to Resilience
Gonzalo Muñoz, High Level Climate Champion, COP25 Chile

Setting the Stage: What are the opportunities for increasing action in the region?
Karen Sack, CEO and President of Ocean Unite, representing Ocean Risk Resilience Action Alliance (Partner to Race to Resilience Campaign)

Panel 1: What financing mechanisms are helping communities and countries build coastal resilience in the Caribbean and Latin America and how can these go to scale?
1. Simon Young, Global Lead, Parametric Innovation, Climate and Resilience Hub, Willis Tower Watson (Partner to Race to Resilience Campaign)
2. Daniela Ribeiro Guarieiro, Resilience Manager, Secretariat for Sustainability and Resilience of Salvador (member of Resilient Cities Network and C40)
3. Chip Cunliffe, Sustainable Development Director, AXA XL
Moderated by: Jorge Gastelumendi, Global Policy Director, Atlantic Council and Race to Resilience Co-Lead

Panel 2: How can we increase investment in nature based solutions to build coastal resilience?
1. Emily Landis, Coastal Wetlands Strategy Lead, The Nature Conservancy, member of Global Mangrove Alliance (Partner to Race to Resilience Campaign)
2. Henrique Pereira, Director, WayCarbon
3. Kate Schweigart, Senior Director, Innovative Finance, RARE
Moderated by: Jorge Gastelumendi, Global Policy Director, Atlantic Council and Race to Resilience Co-Lead

Next Steps to Advance Action & Closing Remarks
Jorge Gastelumendi, Global Policy Director, Atlantic Council and Race to Resilience Co-Lead

This side event is co-hosted by Race to Resilience Campaign and R2R Partners, together with Global Resilience Partnership (GRP)Ocean Risk and Resilience Action Alliance (ORRAA) and Waycarbon.

Post event blog by WayCarbon in Portuguese available here.

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