Panel: 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?