Another good question: Are we getting any indications of how far insurance can be used to deal with losses and damage? At what point do they become so high they tip insurance programs into financial failure?
@ PD CDKNis supporting to help build a common understanding around loss and damage, creating momentum and commitment, and provide insight into what it entails for vulnerable countries so as to articulate views on the next steps.
@Laurie I need to defer to Koko on how far insurance can be used, but we need to find ways to maximise how insurance creates incentives for reducing risk/adaptation too
OK, thanks, Koko - will check out those regional efforts
Pakistan hit hard by extreme events. Rank no.1 in Germanwatch Climate Risk Index for 2010. 2011 also hard, results presented next Tuesday!
@saleemzal: likely COP18 will add less carbon than previous COPs, less people. Hope results will justify this in the long term
@Victoria, thats a good point.
@saleemzeal Obviously the carbon footprint of the COPS is huge - but I am seeing a few good signs. At Rio+20 (not a COP, but similar) there was a big move to not printing everything out and making information available only online. Very good for trees, though I heard some people charge it was also a way of keeping information out of some people's hands.
4°C report by WB warning signal, but 4°C can and must be avoided! 2°C must be avoided. All countries and people therein to step up ambition.
@saleemzeal Yes, I've heard the same. It makes a difference. And saw lots of people meeting each other as they leaned over the very few copies of the schedule that were printed out.....
@Ntungwe: I do not see Doha as place to discuss land grabbing, but needs to be watched in REDD/agrofuels projects. Agree is serious threat.
@Nicolas I think the evidence on link between climate change and conflict remains rather sketchy, though with rapid warming and potential impact on human security there is likely to be uncertainty about some of the future scenarios - some already have linked Russian drought to fall of Ghaddafi for example (though again not concretely)
@pandeypiyush007, It is important to consider the differing scenarios of a future world where average global surface temperature has increased by 2 degrees vs. 4 degrees. With the current trajectory the magnitude of loss and damage could require an entirely different set of approaches to what we are currently considering.
Question for experts: Beyond insurance, can you give us some concrete examples of what mechanisms could be used to respond to #lossanddamage?
@koko, also a key challenge is that there is no system to estimate the full range of losses in monetary or economic terms.
@PD: right. Realistically, 4°C is more likely than 2°C. But for smart adaptation solutions not decisive, difference comes after 2040 or so