The climate risk management process 2. Measures implemented for integrated climate risk management
This includes preventive measures, such as the introduction of adapted, risk-sensitive building regulations and land use regulations, and traditional adaptation strategies, such as better seeds and different farming techniques. Innovative instruments that spread the (financial) risks between different actors or over a period of time (risk sharing and climate risk insurance) or that use a transformative approach (for instance as regards human mobility) complement the portfolio, in particular where residual risks remain despite adaptation efforts.
Furthermore, taking into account gender-differentiated adaptation needs and capacities is crucial to reduce existing disparities and strengthen resilience (see also the GIZ study "Diving into the gap: Gender dimensions of Climate Risk Management" (External link)).
Combining the different measures should enable countries to achieve their specific development goals while complying with international agreements and obligations. Account needs to be taken of the economic and organisational capacities of countries, communities and the private sector.
The BMZ is supporting various partner countries and regions in their efforts to assess and manage climate risks. Assisting partner countries and regions in taking into account the findings of risk assessments in their planning and policy processes is another necessary step for successfully implementing climate risk management.