Addressing Climate Risk: making societies and finance resilient to future crises
Date: 4 December 2023
Time: 16.00 – 17.00 h
Location: Bulgarian Pavilion at COP28
Annotation
Climate risk is becoming more pronounced around the world with extreme events and natural catastrophes such as droughts, heat waves, floods, being more frequent. Europe is among the fastest warming continents in the world, while Eastern and Southern Europe are among the most vulnerable regions on the continent. Countries in the region face heightened exposure to the risk of heat and water stress compared to other EU countries. At the same time, the CEE region is the least insured. The European Insurance and Occupational Pensions Authority (EIOPA) ranks Bulgaria, Romania and Greece with the highest risk exposure in terms of protection gap between vulnerability and insurance coverage.
Addressing climate risk from both physical and financial perspectives in Central & Eastern Europe will be critical for the region, but also for the needed reforms within the global financial architecture. The event will focus on sharing knowledge, experience and discussing the necessary policies and practices in the region, within Europe and globally. It will be a good opportunity to discuss exposure and vulnerabilities to climate change alongside viable policies and practices.
Speakers:
- Kristalina Georgieva, IMF Managing Director
- Ernest J Moniz, President and CEO, Energy Futures Initiative, US Secretary of Energy (2013 – 2017)
- Mr Michael Strauss, General Counsel, EBRD
- Mathilde Mesnard, Deputy Director, Environmental Directorate, OECD
- EIB (TBC)
Moderator:
Ms Milena Stoycheva, Minister of the Innovation and Growth, Bulgaria
Host of the event:
Ministry of Innovation and Growth