Climate Innovation Challenge

Partnership, Applicability and Scalability of Innovations and Technologies for Climate Resilience in South Asia

Risk Financing Solutions

As climate change impact on multiple sectors at a regional as well as country and community levels increase, economic losses have undermined development outcomes annually. The need for new and innovative climate risk financing measures, models, approaches and instruments are more pronounced than ever before. However, limited access to and awareness on climate risk financing in the SAR countries have impeded the region from adopting cost-efficient and affordable mechanisms.

Specific areas:

    • Technologies, approaches and strategies for reducing externalities, risk financing and promoting adopting of green infrastructure and practices.
    • Potential partnerships for risk financing.

More information is available in CIC Application Guidelines (3.7)