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The disaster risk reduction pillar prioritizes reduction of human and economic losses. The insurance pillar has two tiers: a) a climate insurance pool that would absorb a predefined proportion of high-level risks of disaster losses in vulnerable non-Annex 1 countries; and b) a climate insurance assistance facility to provide technical support and other types of assistance to public-private and private insurance systems (e.g. micro-insurance) that provide cover for the middle layers of risk in these countries.
The module would be paid for by the international community. Payment of the prevention and the insurance pillars will be based on the principles of responsibility and respective capability under whatever formula is agreed on — Parties have suggested alternatives — but costs would be borne totally or mainly by developed nations. This structure would meet the principles set out by the UNFCCC for financing and disbursing adaptation funds, provide assistance to the most vulnerable and include private market participation.
UNEP, UNDP, UNHCR
IOM, OCHA, SEI
Page last modified 2011.06.07.
The IPCC has identified local knowledge as an important missing element in its previous assessments and a focus for its next assessment process. The UNU-IAS Traditional Knowledge Initiative looks at this important area.
On 7 December 2009, the international community will gather at a conference in Copenhagen to try to find a solution to the gravest danger our planet faces: climate change.
Global Dashboard, edited by David Steven and Alex Evans, offers insightful analysis of vital issues including climate change, the food crisis, and human security. Be sure to read their article Climate Change: The State of the Debate (PDF).