Closing The Crisis Protection Gap to Future Proof Our World
Overview
The frequency and severity of climate-related disasters continues to increase. With rising global temperatures more intense and frequent weather events are happening across the planet. The economic losses and humanitarian impacts of these climate-related crises have risen dramatically highlighting the increasing severity of such events.
The World Economic Forum predicts that the global cost of climate change damage is estimated to be between $1.7 trillion and $3.1 trillion per year by 2050. This includes the cost of damage to infrastructure, property, agriculture, and human health.
The poorest countries in the world are at greatest risk from the economic impacts of climate change. Failure to invest in proactive risk and financing mechanisms means crisis affected communities are left in need of assistance while damage escalates and costs mount. How can public and private sectors collaborate to protect vulnerable populations and economies from the rising impacts of climate-related crises? To create a more stable global and just economy there must be a transition to an alternative financing system that proactively anticipates crises and activates resources quickly.
The Financial Times, in partnership with the High-Level Panel on Closing the Crisis Protection Gap, brought together insights from global leaders, public and private sector experts, and financial innovators and explored new incentives and instruments of crisis finance. The event investigated how pre-arranging more disaster financing can help ensure the right amount of funding is in the right place at the right time, reducing the negative impacts of disasters on lives and livelihoods.
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World-Class Business Leaders and Speakers
Key Discussion Points
New Era of Financing
What is the current state of crisis response finance and why does it need a reset?
Crisis Protection 2.0
What financial instruments and systems can enable a faster, fairer, and more effective response to climate-related crises?
Transformative Change
What approaches can align diverse institutions with varying incentives to collaboratively transform the system toward proactive risk management?
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