Ensuring adaptation through insurance: Mainstreaming resilient nature-based water management
~~Climate change is altering the risks communities, economies, and ecosystems face in new and uncertain ways. How do we address new risks while also ensuring that our climate solutions are themselves sustainable? Nature based solutions (NBS) can reduce vulnerability to emerging and climate induced hazards, especially drought and flooding, and this risk reduction can be assessed and incorporated within insurance schemes. The capacity to quantify and qualify the economic value of NBS in the insurance industry, assessed with ecosystem service co-benefits, would improve water management decision making, investment planning, and reduce climate risks, but work in this is area remains scattered and unsystematic. By featuring leaders and experts from city authorities, insurance companies, and government, this event will discuss experiences in applying current concepts, tools, business models to capitalize on the insurance value that can be provided through ecosystems to guide smarter, more resilient development. The event will draw from the learning and expert network the NAIAD (NAture Insurance value: Assessment and Demonstration) project, co-implemented by over 20 partner organizations and including pilots from eight demonstration sites across Europe.
Chair: Carlos Marcos Primo, Duero River Basin Commission (CHD)
09:00 Nature Assurance Value: Assessment and Demonstration - Introduction to the NAIAD Project
David Moncoulon, CCR France