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Public event

How are PDBs increasing their contribution to the Adaptation Goal of the Paris Agreement

Article 2.1(b) of the Paris Agreement set the international long-term goal of “increasing the ability to adapt to the adverse impacts of climate change and fostering climate resilience and low greenhouse gas emissions development, in a manner that does not threaten food production”.

Public Development Banks (PDBs) may contribute to this objective by:

– supporting adaptation efforts in the countries where they operate, especially in the most vulnerable countries, and

– fostering the resilience of both assets and individual actors to physical impacts of climate change.

This side event provided an overview of and highlight emerging practices of public development banks (PDBs) to increase their alignment with and contribution to the Adaptation Goal of the Paris Agreement.

Agenda:

18:00-18:05:      Introductory remarks – Secretariat of the Climate Action in Financial Institutions Initiative (5 min)

18:05-18:25:      Presentation of latest research

  • Aligning with the Adaptation Goal: what does it mean and imply for a PDB? (10 min) – Michael Mullan, Climate Change Adaptation & Development, Environment Directorate, OECD
  • Country case study: Outcomes of the FINADAPTER project in France (10 min) – Vivian Depoues, Project Manager, Morgane Nicol, Program Director, I4CE

18:25-19:25:      Presentation of Emerging Practices of PDBs to increase Contribution to the Adaptation Goal of the Paris Agreement (1 hour)

  • Opportunities and challenges for the adaptation agenda: role of development banks, Nabil Kadri, Head of environment, BNDES (10 min)
  • Measuring adaptation impact of interventions – MDB representative (10 min)
  • Supporting countries implement adaptation strategies and attracting investments – Christophe Buffet, Climate Change Adaptation Expert, AFD (10 min)
  • WB Resilience Rating System: Ensuring the resilience of and through a project– Véronique Morin, Senior Climate Change Specialist, World Bank (10 min)
  • Discussion / Q & A with room (20 min)

19:25-19:30: Conclusion – Secretariat of the Climate Action in Financial Institutions Initiative (5min)

Recording: