Financing Climate Risk at the City-level: Promoting Dialogue Between Public and Private Actors in Salon 9
13:00 - 14:30
As the economic impact of natural catastrophes due to climate change grows, cities worldwide struggle with how to best invest to protect municipal assets and residential properties, and to adapt and prepare for other often-unexpected adverse affects. At the same time, private companies, property insurers and residents raise concerns about their capacity to absorb the increasing risk.
In this context, innovative approaches to financing climate protection are required, which are more collaborative, engaging private companies and the insurance industry alongside city government, and with opportunity for resident input, to ensure judicious use of finite resources.
The format for this session would be a panel discussion with international representatives from the scientific, practice and policy communities all contributing their insights on how to foster more inclusive dialogues amongst city actors and financiers to ensure more judicious use of local-level resources for climate mitigation, adaptation and protection. By taking an interdisciplinary approach and including scientific, practice and policy voices on the session panel, the session will contribute to the main conference goal of adding to both academic and practice-based knowledge related to cities and climate change.