CAS 2021 Anchoring Event – Finance & Investment

On demand on CAS TV – from Washington, USA & London, UK

The economic case for investing in climate adaptation is powerful. Benefit-cost ratios range from 2:1 to 10:1. Yet, money is not flowing at the pace or scale needed, with current annual flows of USD 30 billion – an order of magnitude lower than the potential needs of USD 300 billion by 2030.

We face the generation-defining challenges of recovering from the pandemic and transforming the global financial system, ensuring climate risks are accounted for in all financial decision making, and shifting the trillions needed to truly climate-proof global growth.

The Anchoring Event on Finance & Investments, hosted by the UK and the World Resources Institute (WRI), with support from the Global Center on Adaptation, brings together a range of critical stakeholders to showcase emerging solutions to these challenges.

Finance & Investment

Event programme overview

  1. Supporting the most vulnerable:
    Global challenges of financing adaptation; country leadership; new financial instruments and risk-transfer mechanisms to mobilize both public and private investment in adaptation.
  2. Transforming the global financial system:
    Opportunities to align finance flows with adaptation goals and collaboration to promote a transformational shift in the financial system.
  3. In conversation with Kristalina Georgieva and Minister Aiyaz Sayed-Khaiyum:
    COVID-19, resilient recovery and opportunities to build forward better.

Outcomes

To support the work on macro, fiscal, budget, and procurement policies required to manage climate risk, an Adaptation Finance Mainstreaming Programme was launched by the Global Commission on Adaptation, for middle‐ and lower‐income developing countries to improve their capacity to understand and manage climate risk.

UNEP FI contributed to drive the enhancement of physical risk disclosure, alongside a leading group of 10 financial institutions worth USD 3.5 tn. The newly created private sector‐led Coalition for Climate Resilient Investment (CCRI) is committed to the development and testing of solutions for resilient investment decision‐making. CCRI targets both developing and developed countries, in recognition of the global nature of exposure. Its membership currently stands at 70 institutions ‐ institutional investors, banks, insurance, rating agencies, MDBs and governments ‐representing over USD 11 tn in assets.

Green bonds

Existing budgets are insufficient to address climate adaptation needs. New instruments as green bonds for climate resilience will increase available funding. A leading group of development finance institutions, donors and development agencies engages in a new ‘Collaborative on Accelerating Investment in Adaptation and Resilience,’ bringing partners together to break new ground in leveraging public and private finance. European Bank for Reconstruction and Development, GCA and Climate Bonds Initiative (CBI) work together on how to increase new finance from markets in emerging economies.

More outcomes

Download an overview of CAS 2021 outcomes and results. More per-session deliverables are also accessible from the Summit outcomes page.

Speakers

This event presents a variety of high-level speakers.

Partner organisations

Africa Adaptation Initiative

https://africaadaptationinitiative.org/

African Development Bank

African Development Bank

African Risk Capacity

African Risk Capacity

Agence Française de Développement

Agence Française de Développement

CDC Group

CDC Group

Climate Bonds Initiative

Climate Bonds Initiative

Climate Policy Initiative

Climate Policy Initiative

Coalition for Climate Resilient Investment

Coalition for Climate Resilient Investment

COP26

COP26

Dutch Banking Association

Dutch Banking Association

European Bank for Reconstruction and Development

European Bank for Reconstruction and Development (EBRD)

European Investment Bank

European Investment Bank

FCDO - Government of United Kingdom

Foreign, Commonwealth & Development Office - GOV.UK (www.gov.uk)

FMO

FMO

Global Center on Adaptation

Global Center on Adaptation (gca.org)

Government of California

https://www.ca.gov/government/

Government of Fiji

Fijian Government - Home

Government of Grenada

Government of Grenada

Government of the Netherlands

Government of the Netherlands

Green Climate Fund

https://www.greenclimate.fund/

IIGCC – The Institutional Investors Group on Climate Change

IIGCC – The Institutional Investors Group on Climate Change

IMF

International Monetary Fund - Homepage (imf.org)

InsuResilience Global Partnership

InsuResilience Global Partnership

Least Developed Countries Group, UNFCCC

http://www.ldc-climate.org/

Rabobank

Rabobank

Slum/Shack Dwellers International

https://sdinet.org/

The Economist

The Economist

UK Environment Agency

https://www.gov.uk/government/organisations/environment-agency

UNEP Finance Initiative

UNEP FI

World Bank

World Bank Group - International Development, Poverty, & Sustainability

World Resources Institute

World Resources Institute (wri.org)