Consulting Services for Hedging of Residual Climatic Risks for Physical Damage to the Infrastructure (Infrastructure Financing)

Requested Services:

• Requested Services: To develop a concept for the hedging of residual climatic risks for the physical damages of the infrastructure implemented under the SMIF TN III program.

   

  To perform:

• Risk analysis: starting point of risk management approach. • identifies the risks (What can happen?) • assesses exposure (Can it happen to me?) • vulnerability (What damage can it cause to me?)
• Adaptation/Resilience: how the risks can be reduced
• Residual Risk: define the residual risk which will remain after adaptation.
• Preparedness: define measures to increase preparedness to minimize losses, as e.g., early warning system
• Risk finance: Once a disaster has occurred, financial resources are needed to deal with its consequences and often speedy access to finance could reduce follow-up costs as well. The development of a concept for hedging the residual climate risks is the key output of this study, based on the activities mentioned before.