Local Contexts, Perspectives, Challenges, and Opportunities for Coordinated Multi-stakeholder Management of Climate Change Impacts: Exploring and Expanding Strengthened and Coordinated Multi-stakeholder Relations for Responsive Climate and Disaster Risk Finance and Insurance
Climate and disaster risk finance and insurance (CDRFI) solutions, when used as part of a comprehensive disaster risk management approach, can enable resilient economic development and help protect lives, livelihoods, businesses, infrastructure, and public finances by strengthening disaster preparedness, rapid response, and recovery. Climate risk and risk prevention finance mechanisms are complex. These mechanisms include, but are not limited to, climate insurance in the agricultural sector, country risk pools, social security systems, and new forecast — based finance approaches. Quite often, there is only a small degree of transparency and understanding of these mechanisms at the national level, especially in vulnerable developing countries.
This report compiles the experiences of stakeholders from various groups in Northern Mindanao and highlights the need to enhance organizational capacity, improve access to services, and establish partnership structures. The confluence of these, when addressed, allows for a concerted response to the landscape and consciousness of policymaking, inclusivity in substantial and relevant changes in the financial conditions of all stakeholders and partners, and a stronger and louder voice for policy influence.
Velez, D.A., Obedencio, M.M., Pagapula-an, M.L.P., Sabal, J.L.B., Labitad, L.D., and Arcadio-Rivera, M.C., Xavier University – Ateneo de Cagayan
This study was conducted by the Xavier University – Ateneo de Cagayan, in partnership with the Institute for Climate and Sustainable Cities (ICSC), as part of the global Multi-Actor Partnership (MAP) project.
MAP on CDRFI in the context of the InsuResilience Global Partnership (IGP) is a global project implemented by a group of civil society organizations from Laos, Sri Lanka, Malawi, Madagascar, Senegal, Philippines, Caribbean, and Germany. In addition to global level influencing work, the core of MAP in the Philippines will be engagement in both the national and subnational level, capacity development and the establishment of MAP on climate risk finance. ICSC is the main implementer of MAP in the country.
This project is funded by the German Ministry for Economic Cooperation and Development (BMZ) and is coordinated by CARE Germany together with Germanwatch and the Munich Climate Insurance Initiative (MCII).