ICCG Webinar on "Identifying the Risk and Policy Space for Loss and Damage: A Broadening Role for Climate Risk Analysis"
15:00 - 16:30
h. 15.00 webinar
Reinhard Mechler – IIASA, Vienna University of Economics and Business, Loss and Damage Network
Reinhard Mechler has more than 15 years of experience working on socio-economic aspects related to disaster risk and resilience, and climate change. He currently is deputy director of the ‘Risk & Resilience’ research program at the International Institute for Applied Systems Analysis (IIASA). He has been a visiting professor at the University of Graz, as well as a senior lecturer at the University for Economics and Business in Vienna. Reinhard Mechler has been leading and contributing to many international research and consultancy projects. He acted as a lead author on IPCC’s special report on adaptation to extreme events (SREX) and on IPCC’s 5th assessment report (Working group II).
Elisa Calliari – Fondazione Eni Enrico Mattei
In the run-up to the Paris Climate Agreement and thereafter, there has been heated debate as to what the Loss and Damage debate should cover. Some have suggested that compensation for losses already incurred is to be its focus. Other observers have suggested it should focus on identifying and providing tested risk management measures to tackle future risks shaped by climate change. Finally, there are those that consider the debate to largely be of symbolic character while broadly emphasizing a need to avoid dangerous climate change. Insiders have been wondering whether these diverse perspectives can be disentangled and even reconciled? We suggest that there is potential for doing so and assert that there is a distinct risk and options space for the Loss and Damage debate. The options space can be defined to encompass transformative measures for avoiding and managing intolerable risks as well as curative measures for dealing with unavoided and unavoidable impacts. The discussion develops and applies a principled framework for aligning perspectives and evaluating policy options, incl. financing, climate-related insurance, comprehensive disaster risk management and a climate displacement facility – options that are under discussion as climate negotiations are going forward.