iCARE Innovations Fund

Partnership, Applicability and Scalability of Innovations and Technologies for 

Climate Resilience in South Asia

Effective Investments in Climate Adaptation

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:

    • Satellite applications for parametric insurance derivation
    • Scaling up financing for climate change adaptation in agriculture
    • Weather index-based agricultural insurance for South Asian countries
    • Modeling approaches for Forecast-based Financing (FbF), for supporting risk financing and risk-informed early action protocols (REAP)
    • Debt for Nature Swaps – Green and Blue Bonds
    • Tool for Quantification of Contingent Liabilities