Financial Protection of Micro, Small and Medium Sized Enterprises against Climate Risks – Innovative Solutions for Climate Vulnerable Economies
CVF Pavilion (P106, area C), Blue Zone, Sharm El-Sheikh International Convention Center
Wednesday 9 November 2022, 1:00-2:30 pm (EET)
Overview
Micro, Small, and Medium Sized Enterprises (MSMEs) are the cornerstone of supply-chains and most households’ livelihoods but severely under-insured. New climate loss events threaten increasing numbers of MSMEs and unprotected risk absorbs their ability to adapt – a vicious cycle. Climate vulnerable countries therefore call for accelerated implementation and scale-up of risk transfer solutions.
Event objectives
This event will discuss challenges and innovative and practical financial protection solutions for MSMEs in climate vulnerable economies. It will explore the following key-questions:
- What are financial protection needs for MSMEs in vulnerable countries?
- Which are key initiatives and solutions to increase financial protection of MSMEs in climate vulnerable countries? How can vulnerable countries access them?
- What are the key factors for successful implementation of pragmatic and innovative solutions?
- What are the expectations for COP 27 and beyond to deliver on financial protection for the MSME sector in vulnerable countries?
Event format
Open roundtable discussion facilitated by Sara Jane Ahmed. Speakers will have the word first. After that, participants from the audience can join for an open exchange.
Participants
- Rachel Anne S. Herrera, Commissioner in the Philippine Climate Change Commission and V20 Representative
- Lesley Ndlovu, CEO of the African Risk Capacity (ARC) Ltd.
- Krishnan Narasimhan, Program Manager Pacific Insurance and Climate Adaptation Programme (PICAP), Head of Climate Risk Insurance, UNCDF
- Stephanie Gabrielle Betts, Global Climate Execution Team, Head of Alliances, Coalitions and Reporting, AON
- Sara Jane Ahmed, V20 Financial Advisor and V20 SIF
Detailed program of Roundtable
Item
Statement
Welcome and Introduction of Event Introduction of stakeholders and their organizations
5 min
Sara Jane Ahmed, Financial Advisor to the V20, moderator
Status Quo MSMEs and climate vulnerability
Impulse on protection needs of climate vulnerable countries’ MSME sector
5 min
Rachel Anne S. Herrera, Commissioner in the Philippine Climate Change Commission and V20 Representative
Facilitated roundtable discussion
15 min
Lesley Ndlovu, CEO of ARC Ltd.
Sara Jane Ahmed, Financial Advisor to the V20 / V20 SIF, moderator
Krishnan Narasimhan, Program Manager PICAP, UNCDF
Stephanie Gabrielle Betts, Head of Alliances, Global Climate Execution Team, Coalitions and Reporting, AON
Innovative and pragmatic approaches for disaster risk financing for MSMEs
Facilitated roundtable discussion
20 min
Lesley Ndlovu, CEO of ARC Ltd.
Sara Jane Ahmed, Financial Advisor to the V20 / V20 SIF, moderator
Krishnan Narasimhan, Program Manager PICAP, UNCDF
Stephanie Gabrielle Betts, Head of Alliances, Reporting, AON
Outlook and closing statements
10 min
Lesley Ndlovu, CEO of ARC Ltd.
Sara Jane Ahmed, Financial Advisor to the V20 / V20 SIF, moderator
Krishnan Narasimhan, Program Manager PICAP, UNCDF
Stephanie Gabrielle Betts, Head of Alliances, Global Climate Execution Team, Coalitions and Reporting, AON
