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Public event

COP30 side-event: Promoting adaptation measures and addressing climate risks

As climate risks become more visible and the importance of financing resilience grows increasingly stark, financial institutions should learn from each other’s practices. This event co-organised with the African Financial Alliance on Climate Change intended to highlight recent findings on climate risk management relevant to financial institutions and have them share their experience on collaborating for better climate risk management and greater resilience. We heard from UNEP FI, TADB, JICA, Proparco, CAF, KfW, Crédit Agricole, and PIDG.

Key takeaways from the event:

  • Climate risk assessment is the starting point for engaging in adaptation. A range of tools and guidelines have been developed, ensuring a solid understanding of hazard and risk on portfolio level within institutions active on adaptation. Further steps, such as defining risk management strategies, pursuing opportunities, and implementing resilience, are a work in progress but increasingly embraced from a business perspective.
  • Achieving large-scale adaptation requires long-term commitment, partnership, and trust between public and private actors.
  • There is no one-size fits-all pathway to mainstreaming climate adaptation. Technical assistance will continue to play a critical role in helping financial institutions deliver resilience. The key to successful technical assistance is starting simple and using gradual approaches.

Supporting presentation: Promoting adaptation measures_19112025_10.30 AM

Replay: