Outcomes of the Action Event at COP 24 Scaling up investments in climate resilience to meet the needs of vulnerable people

This outcome document details the proceedings and commitments from a cross-cutting roundtable on Climate Action and Resilience held during UNFCCC COP 24 in Katowice, Poland, on December 10, 2018. Organised by The Climate Resilience Network, the event focused on scaling up investments to enhance climate resilience for the most vulnerable people and countries, emphasizing the need for inclusive, people-centered actions and the integration of local and indigenous knowledge.

• The roundtable identified an urgent need to scale up climate investments across multiple sectors, specifically highlighting energy, land use and ecosystems (including oceans), infrastructure, industry, and human settlements. It emphasized that these investments must prioritize Small Island Developing States (SIDS), Least Development Countries (LDCs), and other nations highly vulnerable to climate shocks.
• Participants proposed several short-term priority actions for 2020, including the expansion of climate risk insurance and social protection to cover 400 million poor and vulnerable people via the InsuResilience Global Partnership. Other priorities include scaling up Forecast Based Financing (FbF) and Early Warning – Early Action (EWEA) in at-risk communities and accelerating the restoration of wetlands, which are disappearing three times faster than natural forests.
• The document outlines mid-term goals for 2030, including the objective to increase insurance and shock-responsive social protection coverage to 1 billion people. It also notes a significant finance gap for adaptation that could reach USD 300 billion per year by 2030, suggesting the use of Blended Finance funds to attract private investment for vulnerable communities.
• Several specific financial and strategic commitments were announced: the Nordic Development Fund (NDF) committed EUR 10 million to the CRAFT facility for climate resilience technologies; Bank of America established a $60 million Blended Finance Catalyst Pool for sustainable development; and RainTrust is developing Agro-Blockchain technology to raise $1 billion for smallholder farmers across 35 African countries.
• The roundtable highlighted critical challenges to implementing climate resilience, such as the lack of common metrics to track progress and the 'double vulnerability' of populations facing both climate change and conflict. It warned that environmental degradation and the collapse of ecosystems could irreversibly expose poor populations to climate-induced shocks.
• The document advocates for 'Nature-based-Solutions' (NbS) as a primary lever for resilience, arguing that protecting and restoring agro-marine ecosystems provides essential services like food and water while buffering climate hazards. It suggests that restored ecosystems could contribute an estimated 37% toward keeping global temperature rise below 2 degrees.

APA

Global Resilience Partnership (2018). Outcomes of the Action Event at COP 24 Scaling up investments in climate resilience to meet the needs of vulnerable people. https://www.globalresiliencepartnership.org/wp-content/uploads/2020/11/cop24-gca-resilience-rt-outcome-document-final-clean_2.pdf

Chicago

Global Resilience Partnership. Outcomes of the Action Event at COP 24 Scaling up investments in climate resilience to meet the needs of vulnerable people. 2018. https://www.globalresiliencepartnership.org/wp-content/uploads/2020/11/cop24-gca-resilience-rt-outcome-document-final-clean_2.pdf.

Wikipedia

{{cite report |author=Global Resilience Partnership |title=Outcomes of the Action Event at COP 24 Scaling up investments in climate resilience to meet the needs of vulnerable people |date=10 December 2018 |url=https://www.globalresiliencepartnership.org/wp-content/uploads/2020/11/cop24-gca-resilience-rt-outcome-document-final-clean_2.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{globalresiliencepartnership2018outcomes, author = {{Global Resilience Partnership}}, title = {{Outcomes of the Action Event at COP 24 Scaling up investments in climate resilience to meet the needs of vulnerable people}}, institution = {Global Resilience Partnership}, year = {2018}, month = dec, url = {https://www.globalresiliencepartnership.org/wp-content/uploads/2020/11/cop24-gca-resilience-rt-outcome-document-final-clean_2.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }