1 year ago




FUNCTIONS OF THE MECHANISM The implementation of the functions of the WIM are guided by the Executive Committee of the Mechanism. Enhancing knowledge and understanding of comprehensive risk management approaches Strengthening dialogue, coordination, coherence and synergies among relevant stakeholders Enhancing action and support, incl., finance, technology and capacitybuilding

PARIS AGREEMENT • The Paris Agreement recognizes the importance of averting, minimizing and addressing loss and damage. • Overarching areas of cooperation and facilitation to enhance understanding, action and support: • Early warning systems • Emergency preparedness • Slow onset events • Events that may involve irreversible and permanent loss and damage • Comprehensive risk assessment and management • Risk insurance facilities, climate risk pooling and other insurance solutions • Non-economic losses • Resilience of communities, livelihoods and ecosystems Decision 1/CP. 21, Paris Agreement, Art. 8

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