Note to Editors:
The Coalition will be officially launched at the United Nations Climate Action Summit in New York on the 23rd of September 2019 in a panel entitled Towards a Resilient Future. A press conference will follow from 13:30-13.55 in the Media Briefing Room (S-237) in the UN Headquarters, New York.
Supporters of this coalition include:
Aberdeen Standard Investments, Acclimatise, Arup, Clyde and Co, DWS, Environment Agency Pension Fund, GARI, GRESB, IGCC, IIGCC, Impax, Jupiter Intelligence, KPMG, Legal and General, Lightsmith Group, Lloyds Banking Group, McKinsey, Meridiam, One Concern, Schroders, Standard Chartered, Willis Towers Watson, Zurich Insurance Group.
Asian Development Bank, European Bank for Reconstruction and Development, Environmental Change Institute, University of Oxford, FAO, Global Commission on Adaptation, Global Infrastructure Facility, Global Water Partnership, Green Climate Fund, Green Finance Institute, TCFD Secretariat.
This coalition is supported by the Governments of the United Kingdom, Jamaica, the Solomon Islands and Belize.
Through to the end of 2019, the Coalition will develop case studies to build the business case and identify the critical enabling environments for climate resilient infrastructure investment. By COP26 in 2020 analytical tools including a physical risk pricing framework and methodology to prioritise national resilient investment needs, will be developed, alongside a range of instruments to prevent capital flight from the most vulnerable regions, such as a technology transfer programmes, technical assistance facilities and/or blended finance facilities. Going forward, innovative capital market instruments such as Resilience Bonds will be structured, and the pricing framework will be implemented across resilient infrastructure investment funds. 6 country pilot projects will trial these innovations, protecting economies and citizens` lives from growing climate impacts.
This Coalition is the result of a collaboration between the World Economic Forum, the Government of the United-Kingdom, the Government of Jamaica, Willis Towers Watson and the Global Commision on Adaptation. It is part of the package for the United Nation Climate Action Summit`s Adaptation and Resilience track, led by the UK and Egypt.