Strengthening Natural Hazard Disaster Risk Management through Ecosystem-based Adaptation and Insurance Protection
As of: December 2021
The Philippines is one of the most vulnerable countries facing extreme weather events due to climate change. Increasing damage from typhoons, heavy rains, and slow-onset sea level rise increase poverty, trigger migration, and weaken the country’s competitiveness. Governmental disaster risk management is still focused on ‘grey’ infrastructure as state funds provide insurance for public structures, while household risk financing is market driven. The project aims to capacitate national and regional actors to use ecosys-tem-based adaptation and climate insurance to build resilience. It strengthens efforts of the Philippine government to mainstream climate and disaster risks in planning processes, building on the existing inte-grated ecosystem management (IEM) approach. The project partners are supported through process moni-toring, ecosystem-based adaptation measures, and climate and disaster risk insurance market develop-ment.