COVID-19 has transformed the economic landscape and poses both threats and opportunities for the climate adaptation finance agenda. Levels of investment are at risk of falling in the coming years because of shifts in public spending towards immediate health and economic relief measures. Nevertheless, with trillions of fiscal stimulus being pumped into economies, the crisis also presents an opportunity to leverage investment in resilience at an unprecedented scale. More than ever, we have the chance to create good opportunities out of adversity.
In partnership with CPI, GCA promoted the analysis of case studies and discussions around the topic with DFI’s, private investors, academia, think tanks and philanthropic foundations during the past weeks. Valuable information and insights were gathered to compose the First Version of the Scoping Report “Adaptation Finance in the Context of Covid-19: The role of Public Development Banks in promoting a resilient recovery”.
This satellite event will bring together DFI’s and a State representative from the Philippines – a country that is highly vulnerable to climate change. Panellists will discuss the way forward into recovering from Covid-19 impacts while ensuring the resilience of the measures to be put in place, aiming to secure climate adaptation and a triple dividend to societies now and in the future.
MODERATOR: Jae So, GCA Director of Programs
- Amal-Lee Amin, CDC Director of Climate Change
- Anthony Okon Nyong, AfDB Director of Climate Change and Green Growth
- Damien Navizet, AFD Climate Change Director
- Romell Cuenca, Government of Philippines Deputy Executive Director - Climate Change Office
CLOSING SPEAKER: Jamal Saghir, GCA Board member & Professor of Practice – Institute for the Study of International Development, McGill University