BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
PRODID:-//WordPress - MECv6.5.6//EN
X-ORIGINAL-URL:https://www.v-20.org/
X-WR-CALNAME:V20: The Vulnerable Twenty Group
X-WR-CALDESC:
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-PUBLISHED-TTL:PT1H
X-MS-OLK-FORCEINSPECTOROPEN:TRUE
BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-baaf111c2bdc129a356a14f79fefd224@v-20.org
DTSTART:20211109T140000Z
DTEND:20211109T160500Z
DTSTAMP:20211108T001200Z
CREATED:20211108
LAST-MODIFIED:20211221
PRIORITY:5
TRANSP:OPAQUE
SUMMARY:We Are All At Risk: Collaborative Efforts to Invest in Resilience and Close the Financial Protection Gap
DESCRIPTION:[vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]\nWelcome Remarks by H.E. Dr. Kwaku Afriyie, Minister of Environment, Science, Technology and Innovation, Ghana\n\n[/vc_column_text][vc_raw_html]JTNDaWZyYW1lJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZwbGF5ZXIudmltZW8uY29tJTJGdmlkZW8lMkY2NTQ1Mjc4OTUlMjIlMjB3aWR0aCUzRCUyMjY0MCUyMiUyMGhlaWdodCUzRCUyMjU2NCUyMiUyMGZyYW1lYm9yZGVyJTNEJTIyMCUyMiUyMGFsbG93JTNEJTIyYXV0b3BsYXklM0IlMjBmdWxsc2NyZWVuJTIyJTIwYWxsb3dmdWxsc2NyZWVuJTNFJTNDJTJGaWZyYW1lJTNF[/vc_raw_html][vc_column_text text_larger=”no”]\nLaunch of the V20-led Sustainable Insurance Facility and Collaboration on Risk Analytics\n[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=v6TScd3XXr8&ab_channel=ClimateVulnerableForum” image_poster_switch=”no”][vc_column_text text_larger=”no”]EVENT BACKGROUND[/vc_column_text][vc_column_text text_larger=”no”]Physical climate risk and the unequal distribution of risk understanding worldwide are barriers to development and macro-economic stability. While this concerns especially V20 economies, developed countries, such as the G20, are increasingly affected as well. The physical impacts of climate change not only threaten vulnerable population segments, but can lead to significant supply and demand side shocks. Sudden and slow climate impacts may damage capital stock, input factors, logistics and energy infrastructure as well as labor supply essential for national development, growth and domestic and international trade. Similarly, uncertainty from extreme weather events and lack of climate-smart insurance solutions, including for micro, small and medium-sized enterprises (MSMEs), may reduce investment, while consumption and savings may be hampered as households and businesses rebuild after natural hazards. The resulting output, price and export volatilities come with potentially harmful consequences for inflation rates, countries’ balance of trade and overall current account deficits.[/vc_column_text][vc_column_text text_larger=”no”]As climate change is accelerating at an unprecedented speed in a highly interconnected world, we all are at risk. Now, more than ever, this calls for new forms of international collaboration to safeguard macro-fiscal stability and transform economies and finance towards low-carbon and climate resilient growth.[/vc_column_text][vc_column_text text_larger=”no”]In the event “We Are All At Risk: Collaborative Efforts to Invest in Resilience and Close the Financial Protection Gap”, chaired by the V20 Presidency and held in partnership with the UNEP FI Principles for Sustainable Insurance (PSI), the Munich Climate Insurance Initiative (MCII), and the InsuResilience Global Partnership, representatives from the V20, the G20 and partner organizations will discuss their vision of a climate-resilient world and unveil collaborative solutions for achieving this goal. Building on the First V20 Climate Vulnerables’ Finance Summit in July 2021, announcements will include a fire side chat on the new, strategic partnership between the Insurance Development Forum (IDF) and the V20 to build a Global Risk Modelling Alliance (GRMA) and the launch of the V20-led Sustainable Insurance Facility.[/vc_column_text][vc_column_text text_larger=”no”]The Sustainable Insurance Facility (SIF) is the new mechanism, developed under the leadership of the V20 and in collaboration with MCII and UNEP FI PSI, to enhance and accelerate the country-led development and uptake of climate-smart insurance solutions for MSMEs. As such, the SIF aims to stimulate the domestic and regional insurance industry and economy, and represents the first disaster risk finance mechanism globally which is led by climate vulnerable countries. Supported by the InsuResilience Global Partnership and Germany, the SIF is exemplary of the V20’s efforts to close the financial protection gap, which currently lies well above 90 per cent in climate vulnerable developing countries.[/vc_column_text][vc_column_text text_larger=”no”]As MSMEs contribute up to 80 per cent of GDP and 90 per cent of employment in V20 economies, the SIF is hoped to set significant impulses for shifting the real economy towards more climate resilience and reaching the InsuResilience protection target of 500 million people by 2025. Concurrently, the IDF-V20 partnership in the context of the GRMA will seek to empower countries through open access to risk analytics bolstered by locally developed and owned data. As such, the GRMA is envisioned to enable countries to strengthen their strategic view of risk and direct large-scale public and private investment towards resilience, while safeguarding economic growth and fiscal stability.[/vc_column_text][vc_column_text text_larger=”no”]In aiming to ensure long-lasting and intensified collaboration through these new implementation initiatives, this event brings together members of the V20 and G20 as well as partner organizations to forge a joint understanding of priorities, ambition and value perception in the context of risk and resilience. The outcomes of this discussion will work to bolster ambitious implementation and scope potential key components of additional and innovative cooperation amongst the V20, G20 and the private, public and third sectors until 2025 and beyond.[/vc_column_text][vc_column_text text_larger=”no”]EVENT OBJECTIVES[/vc_column_text][vc_column_text text_larger=”no”]\n\nForge a joint understanding of priorities, ambition and value perception in the context of risk and resilience amongst members of the V20, G20 and partner organizations.\nManifest and mobilize further cooperation amongst members of the V20, the G7 and the G20.\nLaunch the implementation of the Sustainable Insurance Facility in the V20 Asia-Pacific Region, introduce the global country pipeline and showcase the strategic collaboration between the IDF and the V20.\n\n[/vc_column_text][vc_column_text text_larger=”no”]EVENT AGENDA*[/vc_column_text][vc_column_text text_larger=”no”]UK Time. Moderated by Butch Bacani, UNEP FI Principles for Sustainable Insurance[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636306449330{background-color: #339966 !important;}”]\nWELCOME\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]2:00 – 2:05[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]WELCOME REMARKS[/vc_column_text][vc_column_text text_larger=”no”]\n\nH.E. Dr. Kwaku Afriyie, Minister of Environment, Science, Technology and Innovation, Ghana\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636306544162{background-color: #339966 !important;}”]\nSEGMENT 1: WE ARE ALL AT RISK\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]2:05 – 2:40[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]ROUNDTABLE DISCUSSION AMONGST MEMBERS OF THE V20 AND THE G20[/vc_column_text][vc_column_text text_larger=”no”]In turn and in 5-minute statements, representatives will discuss their countries’ experience and key determinants of weather related impacts and outline their vision for climate resilience and the requirements in international cooperation.[/vc_column_text][vc_column_text text_larger=”no”]\n\nSabiti Fred, National and Technical Advisor on Environment and Climate Change, Ministry of Finance and Economic Planning, Republic of Rwanda\nVineil Narayan, Head of Climate Change and International Cooperation, Ministry of Economy, Republic of Fiji\nPaola Alvarez, Assistant Secretary for Sustainable Finance, Disaster Risk Finance and Special Projects, Department of Finance, Republic of the Philippines\nLeonardo Martínez-Díaz, Senior Director for Climate Finance, Office of the U.S. Special Presidential Envoy for Climate, Department of State, United States of America\nJürgen Zattler, Director-General for International Development Policy, Ministry for Economic Cooperation and Development, Federal Republic of Germany\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636307009186{background-color: #339966 !important;}”]\nSEGMENT 2: DATA, MODELS AND RISK ANALYTICS FOR RESILIENCE BUILDING\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]2:45 – 2:50[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]KEYNOTE[/vc_column_text][vc_column_text text_larger=”no”]Risk analytics for cross-sectoral planning and multi-level investment in resilience and financial protection[/vc_column_text][vc_column_text text_larger=”no”]\n\nAmal Krishna Mandal, Joint Secretary, Economic Relations Division, Ministry of Finance of the People’s Republic of Bangladesh, V20 Presidency\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]2:50 – 3:00[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]FIRESIDE CHAT[/vc_column_text][vc_column_text text_larger=”no”]Engaging in conversation with Butch Bacani, IDF leadership will respond to the keynote delivered by the V20 Presidency ad discuss the objectives of the collaboration between the Insurance Development Forum and the V20 in the context of the Global Risk Modelling Alliance and the Global Resilience Index.[/vc_column_text][vc_column_text text_larger=”no”]\n\nEkhosuehi Iyahen, Secretary General, Insurance Development Forum (IDF)\nNick Moody, Programme Manager of the IDF Risk Modelling Steering Group\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636308116858{background-color: #339966 !important;}”]\nSEGMENT 3: DOMESTIC & REGIONAL INSURANCE TO PROTECT SMALL BUSINESSES & EMPLOYMENT – LAUNCH OF THE V20-LED SUSTAINABLE INSURANCE FACILITY\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]3:00 – 3:05[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]KEYNOTE[/vc_column_text][vc_column_text text_larger=”no”]Creating spillover effects for climate resilient and low carbon growth through country-led climate-smart insurance for cooperatives and micro, small and medium-sized enterprises.[/vc_column_text][vc_column_text text_larger=”no”]\n\nPaola Alvarez, Assistant Secretary for Sustainable Finance, Disaster Risk Finance and Special Projects, Department of Finance of the Republic of the Philippines\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]3:05 – 3:20[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]ANNOUNCEMENT[/vc_column_text][vc_column_text text_larger=”no”]Launch of the V20-led Sustainable Insurance Facility (SIF) and its operations in the V20 Asia-Pac Region in the context of the InsuResilience Global Partnership.[/vc_column_text][vc_column_text text_larger=”no”]\n\nH.E. Brenson Wase, Minister of Finance, Banking and Postal Services of the Republic of the Marshall Islands\nJürgen Zattler, Director-General for International Development Policy, Ministry of Economic Cooperation and Development of the Federal Republic of Germany\nButch Bacani, Programme Lead, UNEP PSI\nSara Jane Ahmed, V20 Finance Advisor, CVF/V20 Secretariat\nViktoria Seifert, Manager Disaster Risk Finance & Policy, MCII\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]3:20 – 3:30[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]TOUR DE TABLE[/vc_column_text][vc_column_text text_larger=”no”]Building climate-smart domestic and regional insurance markets for MSMEs: Perspectives on the V20-led Sustainable Insurance Facility[/vc_column_text][vc_column_text text_larger=”no”]\n\nCaesar Mwangi, Chief Executive Officer, ICEA LION Insurance Holdings\nYussel De Kraa, Senior Client Manager and Strategy and Operations, MEA, Swiss Re\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636307831445{background-color: #339966 !important;}”]\nSEGMENT 4: POTENTIAL COLLABORATORS FORUM\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]3:30 – 3:35[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]KEYNOTE SPEECH[/vc_column_text][vc_column_text text_larger=”no”]Building climate-smart insurance markets: Collaboration between the Asia-Pacific Climate Finance Fund (ACliFF) and the SIF[/vc_column_text][vc_column_text text_larger=”no”]\n\nXiaohong Yang, Chief Thematic Officer concurrently OIC Chief Climate Change and Disaster Risk Management Division, Asian Development Bank\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]3:35 – 4:00[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]ROUNDTABLE DISCUSSION[/vc_column_text][vc_column_text text_larger=”no”]In turn and in 5-minute statements, representatives of G20 members and V20 partner organizations, will discuss their perspectives on the value of the SIF, complementary priorities and additional collaboration opportunities until 2025 and beyond.[/vc_column_text][vc_column_text text_larger=”no”]\n\nRachel Turner, Director General for Economic Development and International, Foreign, Commonwealth and Development Office, United Kingdom of Great Britain and Northern Ireland\nLeonardo Martínez-Díaz, Senior Director for Climate Finance, Office of the U.S. Special Presidential Envoy for Climate, Department of State, United States of America\nMalvern Chirume, Chief Underwriting Officer, African Risk Capacity\nAnnette Detken, Head of InsuResilience Solutions Fund Management\nJerry Skees, Chief Strategy Officer and DirectorGlobal Parametrics\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no” css=”.vc_custom_1636308357678{background-color: #339966 !important;}”]\nCLOSE OF MEETING\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″ mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no”][vc_column_text text_larger=”no”]4:00 – 4:05[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text text_larger=”no”]CLOSING REMARKS[/vc_column_text][vc_column_text text_larger=”no”]\n\nAmal Krishna Mandal, Joint Secretary, Economic Relations Division, Ministry of Finance of the People’s Republic of Bangladesh, V20 Presidency\n\n[/vc_column_text][/vc_column][/vc_row][vc_row mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_sticky_column=”false” parallax_scroll=”no” mobile_reset_margin=”no” tablet_reset_margin=”no” css=”.vc_custom_1636306366542{background-color: 0 !important;}”][vc_column_text text_larger=”no”]EVENT LOGISTICS[/vc_column_text][vc_column_text text_larger=”no”]The event will be conducted entirely online. You can watch the online stream on YouTube here:[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=v6TScd3XXr8&ab_channel=ClimateVulnerableForum” image_poster_switch=”no”][/vc_column][/vc_row][vc_row disable_element=”yes” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_single_image image=”19134″ img_size=”full” alignment=”center” parallax_scroll=”no”][/vc_column][/vc_row][vc_row disable_element=”yes” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column width=”1/4″][vc_btn title=”Livestream in English” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FoQCBWfFLPFc||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in French” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FgDuR787NhJg||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in Spanish” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FOgqPtbTSy6s||target:%20_blank|”][/vc_column][vc_column width=”1/4″][vc_btn title=”Livestream in Arabic” style=”flat” shape=”square” color=”blue” link=”url:https%3A%2F%2Fyoutu.be%2FG2Te4zTkRdM||target:%20_blank|”][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1625670296406{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_column_text text_larger=”no”]\n\nNON-SPEAKERS\n[/vc_column_text][vc_column_text text_larger=”no”]V20 Member Countries[/vc_column_text][vc_column_text text_larger=”no”]\n\nRepresentatives from Ministry of Finance, Vietnam\nRepresentatives from Ministry of Finance and Public Credit, Colombia\nRepresentatives from Ministry of Finance, Palestine\n\n[/vc_column_text][vc_column_text text_larger=”no”]G20 and Partners[/vc_column_text][vc_column_text text_larger=”no”]\n\nRepresentatives from Ministry of Economy and Finance, Republic of Korea\nRepresentatives from Ministry of FInance and Public Credit, Mexico\nRepresentatives from Ministry of Finance, Germany\nRepresentatives from Department of Treasury, United States\nUNEP FI Principles for Sustainable Insurance Initiative \nInternational Labour Organization\nG24 Secretariat\nWorld Resources Institute\n\n[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308600983{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_column_text text_larger=”no”]\n\nEVENT DESCRIPTION\n[/vc_column_text][vc_column_text text_larger=”no”]A spiralling, dual climate-Covid crisis has shaken vulnerable developing economies, undermined livelihoods and sustainable development progress, and generated unprecedented transnational financial upheaval with multiple penalties for the world’s poor and vulnerable groups. At the same time, weak delivery of international climate finance, unresolved carbon finance mechanisms under the Paris Agreement, and financing instruments that are ineffective at addressing challenges specific to systemically climate vulnerable economies hold back ambition are exposing the world economy to acute risks, fuelling uncertainty, and undermining trust and the global recovery.[/vc_column_text][vc_column_text text_larger=”no”]Overcoming such challenges on the road to UNFCCC COP26 is an urgent priority and targeted initiatives that promote action on managing macroeconomic risks, capital hurdles to climate action, bridging the financial protection gap, among other key climate finance challenges, also represent a significant opportunity to build back better.[/vc_column_text][vc_column_text text_larger=”no”]To contribute new momentum, the V20, led by Bangladesh, is convening “Climate Vulnerables Finance Summit” – the first intergovernmental finance summit led by economies systemically vulnerable to the global climate crisis. The Summit builds on the Midnight Survival Deadline for the Climate, spearheaded by the Bangladesh presidency of the Climate Vulnerable Forum (CVF) and V20, and contributes to over 70 nations revising their Paris Agreement national commitments, as well as the Climate Adaptation Summit 2021, the G7 Summit outcome for increasing climate finance and funding for climate change adaptation, and other recent pledges of strengthened climate responses from major and vulnerable economies and international financial institutions alike.[/vc_column_text][vc_column_text text_larger=”no”]Prepared and hosted by the V20, and co-hosted with the Global Center on Adaptation, the Summit will be headed by global leaders, includes ministerial roundtables, and will feature interventions by CVF Heads of State and Government, high-level representatives of key partners, and the V20 Ministers of Finance. Together with the United Nations, the IMF and development partners, the high-level dialogue aims to shape globally cooperative and South-South responses for fast-tracked resilience building efforts and bold new economic and finance actions and partnerships that are updated for the evolving realities of tandem climate and COVID pressures. The Summit likewise serves as a critical opportunity to showcase all that the most climate threatened nations have been facing and undertaking, while exploring appropriate and enhanced responses with the international community. An effective recovery and resilient and prosperous future demands global and regional economic and financial cooperation and institutions consistent with the needs, and supportive of the ambition, of the most vulnerable.[/vc_column_text][vc_column_text text_larger=”no”]The Summit will issue a Communique highlighting the key expectations of the vulnerable economies on global climate finance, cooperation with multi-lateral financial institutions, and COP26, as well as partnerships being advanced together with the V20, including:[/vc_column_text][vc_column_text text_larger=”no”]\n\nLaunch of the V20 Vision 2025 to underpin the direction of the V20 to reach key socio-economic growth outcomes together amid a climate-covid emergency;\nShaping of a V20 Climate Prosperity Recovery Agenda for the systematic and universal consideration of climate risk and to promote enabling assistance options including capacity development, crisis assistance and carbon financing;\nPresentation and partnership exploration on national “Climate Prosperity Plans” as strategic economic-climate-SDG investment and cooperation frameworks to advance V20 ambitions for resilience and prosperity at the economy-level – the Government of Bangladesh will present the Mujib Climate Prosperity Plan Decade 2030, named in honor of marking the birth centenary of the country’s Father of the Nation, Sheikh Mujibur Rahman;\nInnovative V20 financing initiatives including the Accelerated Financing Mechanism to address capital cost challenges, the Sustainable Insurance Facility and the InsuResilience Global Partnership to bridge the financial protection gap, and the new CVF & V20 Joint Multi-Donor Fund.\n\n[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308584084{margin-top: 40px !important;margin-bottom: 40px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_custom_heading text=”Press Release and Communiqué” font_container=”tag:h2|font_size:18px|text_align:left|color:%233c6cb3″ google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal”][vc_column_text text_larger=”no”]PRESS RELEASE: Vulnerable economies call rich nations to avert global climate-COVID economic threat\nCOMMUNIQUÉ: 1st Climate Vulnerable’s Finance Summit Communiqué[/vc_column_text][/vc_column][/vc_row][vc_row disable_element=”yes” css=”.vc_custom_1636308591578{margin-top: 40px !important;margin-bottom: 40px !important;}” mobile_bg_img_hidden=”no” tablet_bg_img_hidden=”no” woodmart_parallax=”0″ woodmart_gradient_switch=”no” row_reverse_mobile=”0″ row_reverse_tablet=”0″ woodmart_disable_overflow=”0″][vc_column][vc_custom_heading text=”Download” font_container=”tag:h2|font_size:18px|text_align:left|color:%233c6cb3″ google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:500%20bold%20regular%3A500%3Anormal”][vc_column_text text_larger=”no”]V20-Vision-2025.pdf\nV20 Climate Prosperity Recovery Agenda.pdf[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row]\n
URL:https://www.v-20.org/events/we-are-all-at-risk-collaborative-efforts-to-invest-in-resilience-and-close-the-financial-protection-gap
CATEGORIES:featured events,Thematic
ATTACH;FMTTYPE=image/png:https://www.v-20.org/wp-content/uploads/2021/11/v20_event_logos_we-are-all-at-risk-collaborative-efforts-to-invest-in-resilience-and-close-financial-protection-gap_updated-min.png
END:VEVENT
END:VCALENDAR