Workshops, consultations and gap analysis
As part of the inclusive ICP of the Global Shield, two national workshops with key stakeholders took place in September 2024 and February 2025 to analyse existing solutions and remaining gaps in the area of climate and disaster risk financing. The outcomes of the workshops were captured in a thorough Stocktake and Gap Analysis report, which maps the existing policy, institutional, and financial landscape, assesses available instruments across macro, meso, and micro levels, and evaluates exposure to major climate hazards such as droughts, floods, coastal erosion, and storms. The report also highlights key gaps, including limited access to and uptake of insurance, underdeveloped financial protection tools, insufficient data and modelling capacity, and the need for stronger coordination, regulation, and equity considerations. The report concludes with recommendations to expand financial instruments, strengthen institutions, and build an integrated approach to protecting vulnerable communities and critical sectors from climate-related risks.
