Addressing Loss and Damage: Innovative Climate Finance Solutions

The Shirazi Foundation attended an event hosted by the Wilson Center titled Addressing Loss and Damage: Innovative Climate Finance Solutions. An expert panel examinedpreventative measures to slow down global warming through lowering emissions. Experts covered major world disasters and  mentioned that certain losses can not be recovered such as lives and species but the material damage is fixable. Experts presented findings as to how  the Caribbean – Catastrophe Risk Insurance Project operates at the time of a disaster but agencies such as the aforementioned do not cover all disasters while keeping in mind that the poor amongst us are most affected. Experts also touched on the response mechanism on and international level and the broader development challenges at the time of disasters.