Time: 16:00-17:00
NAP Expo venue: Lusaka, Zambia (in-person)
This session is co-organized by UNDP and Munich Climate Insurance Initiative (MCII) at the United Nations University.
Context
This session will explore how integrating Climate and Disaster Risk Finance & Insurance (CDRFI) into National Adaptation Plans (NAPs) enhances climate resilience and unlocks financing for adaptation. While CDRFI is recognized as a key tool for managing climate-related financial risks, its role in making NAP activities more investable and actionable remains underutilized. Many countries struggle to integrate CDRFI into their NAPs due to challenges in financing, implementation, and stakeholder coordination.
It will build upon the Supplementary Guidelines on Integrating Disaster Risk Finance into National Adaptation Plans, developed by UNDP with technical support from Munich Climate Insurance Initiative (MCII) at United Nations University - Institute for Environment and Human Security (UNU-EHS).
Objectives and insights
With insights from key actors in the NAP process—including country representatives, implementing entities, and climate finance providers—this session will:
Demonstrate how CDRFI contributes to formulating and implementing NAPs by enhancing financial resilience, mobilizing funding (including through crowding in private sector engagement), and supporting the planning and implementation of adaptation activities—key objectives in strengthening countries’ NAP efforts. The session will highlight the roles of CDRFI including:
Share lessons learned from UNDP’s experience in supporting NAPs, highlighting how integrating CDRFI can enhance the bankability of adaptation projects and improve access to finance.
Showcase country experiences (Ethiopia) in integrating CDRFI into their NAPs, demonstrating how risk financing mechanisms have strengthened climate resilience and enabled investment in adaptation actions.
Explore financing aspects from the perspective of climate funds, examining key elements that make NAPs investable, the financial gaps that remain, and opportunities to leverage CDRFI in adaptation finance.