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PCRIC COP28 event focuses on parametric solutions for the Pacific

The event featured distinguished panellists from different major organisations

Cook islandsUnited arab emiratesKarlos moresiGernot lagandaBen poniaAstrid zwickSecretariat of the pacific regional environment programmePacific islands forum secretariatPacific resilience fundUnited nations capital development fundWorld food programmePacific catastrophe risk insurance companyParametric insuranceDisaster risk financingBlue pacific pavilionPacific regional environment

UNICEF S Today & Tomorrow Initiative: Climate Financing In Action

An innovative financing mechanism created through UNICEF s Today & Tomorrow Initiative helps countries bearing the brunt of climate shocks.

United kingdomPacific islandSolomon islands generalSolomon islandsJonathan veitchTomorrow initiativeTropical cyclone kevinTropical cyclone judyRepresentative jonathan veitchSolomon thomasPeace declarationClimate financingClimate risk mitigationClimate resilienceToday amp tomorrow initiativeDisaster risk financing

Int l organisations continue early action support for Vietnam to reduce disaster risks

The national steering committee for natural disaster prevention and control held a meeting with international partners in Hanoi on December 8, highlighting the role of early warning and early action in natural disaster risk mitigation.

Republic ofHa longQu ng ninhCao bangCaob ngQuang namQu ng namHan iNguyen hoang hiepRamla al khalidiMinistry of agricultureCatholic relief servicesDyke management authorityRural developmentDisaster risk reduction partnershipPeople committee of dien ban

Using Disaster Risk Financing to Build Adaptive Social Protection for Climate Shocks in Malawi: Social Support for Resilient Livelihoods

The Government of Malawi put in place a mechanism that enables its flagship unconditional cash transfer program the Social Cash Transfer Program (SCTP) to scale up response to additional beneficiaries when shocks occur. Making the SCTP shock-responsive is a key strategic pillar of the government’s Disaster Risk Financing Strategy. The SCTP scalable mechanism was first implemented during the 2021/22 rainfall season in three initially selected districts (Blantyre, Ntcheu, and Thyolo). It covered 74,000 poor and vulnerable households that would be eligible to receive a cash transfer in the event of a shock, and in fact a drought and compounding shocks resulted in a payout for the households. In 2022/23, the mechanism was expanded to cover over 100,000 households in six districts; the long-term goal is to make it a nationwide mechanism. This note summarizes the gpvernment’s process for establishing this mechanism and presents key results and lessons learned.

Cash transfer programSocial cash transfer programDisaster risk financing

OECD Recommendation on Building Financial Resilience to Disaster Risks - World

OECD Recommendation on Building Financial Resilience to Disaster Risks - World
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Building financial resilienceDisaster risksCritical risksDisaster risk financing