Start Network and Welthungerhilfe joined the international political community at COP23, the Bonn Climate Change Conference, this week to discuss how data and new financial instruments can enable aid agencies to mitigate the effects of extreme weather on communities.
Speaking on a panel on Monday Start Network's Emily Montier discussed how the monitoring of droughts and scientific modelling of data can be used to trigger innovative financing mechanisms (such as drought insurance and forecast-based-financing) to support early action to minimise the loss of lives and livelihoods.
See Emily’s slides below.
COP23 is the international community’s annual climate change conference, stemming from the Rio Earth Summit in 1992, where the ‘Rio Convention’ included the adoption of the UN Framework on Climate Change (UNFCCC). This convention set out a framework for action aimed avoiding “dangerous anthropogenic interference with the climate system.” The UNFCCC entered into force in 1994 and now has a near-universal membership of 196 countries. The main objective of the annual Conference of Parties (COP) is to review the Convention’s implementation.
Read more about Start Network's Drought Risk Financing work.