Third meeting of the OECD Task Force on Climate Change Adaptation presentation - Michael Mullan, Finance and Investment for Climate Resilience, OECD.

1. CLIMATE-RESILIENT
FINANCE AND INVESTMENT
Michael Mullan
Environment Directorate
10 May 2021

2. 1. To what extent do current investment
patterns support climate resilience? Where
are the priorities for building resilience?
2. How can adaptation policies, plans or
strategies help mobilise public and
private finance for climate resilience?
3. How will physical climate risks affect the
financial system? How can actions in the
financial system strengthen societal
resilience?
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Guiding questions for the programme

3. Support the alignment of finance and investment
flows with climate resilience.
1. Understanding key trends and barriers to
alignment across the public and private sectors
2. Strengthening the enabling environment for
investment in climate resilience by identifying
good practices, working in collaboration across
OECD committees
3. Engaging with the broader set of actors in the
financial system to bridge with the adaptation
policy discussion
Aim of the proposed programme
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4. Proposed deliverables for 2021-22
Establish the vision and evidence base for this
work
Framing
paper
Nov 2021
(COP26)
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Integration of work on climate resilience into
existing platforms, e.g. OECD Forum on
Green Finance and Investment
Engagement
and outreach
Ongoing
• Systems approaches to climate action
• Definition and measurement of alignment
• Sustainable finance – environmental
impact
Foundational
analysis
-> End 2022

5. Potential future work (2023 onwards)
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Provide data on costs and benefits of adaptation,
including distributional impacts
Quantitative
and spatial
analysis
Guidance to support governments’ efforts to mobilise
and align finance through their adaptation strategies
and plans (NAPs, sectoral strategies, etc)
Guidance on
alignment
• Systems approaches to climate action
• Definition and measurement of alignment
• Sustainable finance – environmental impact
Country
engagement

6. 1. Does the proposed framing resonate with
the challenges faced in your country?
2. Are there initiatives underway in your
country that would be relevant to the
development of this programme of work?
3. What are the key partners the OECD
should engage with to deliver value-for-
money on this topic?
Questions for discussion
(PWB 2021-2022)
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7. THANK YOU !
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