Title: Observations on the role of the private sector in the UNFCCC's loss and damage of climate change work program
Authors: Swenja Surminski; Jillian Eldridge
Addresses: Grantham Research Institute on Climate Change and the Environment/CCCEP, London School of Economics and Political Science, Houghton Street London, WC2A 2AE, UK ' Department of Geography, Environment and Development Studies, Grantham Research Institute on Climate Change and the Environment/CCCEP, Birkbeck, University of London, Malet Street, London, WC1E 7HX, UK
Abstract: Private sector engagement, particularly in times of public budget constraints, has become a buzz word in most policy areas, yet roles and responsibilities between public and private sectors remain indistinct. We investigate this for the United Nations Framework Convention on Climate Change (UNFCCC) work stream on addressing loss and damage (L&D). This paper presents evidence of current engagement and expectations, from official submissions to the UNFCCC, L&D literature, and relates this to experiences from the fields of disaster risk reduction (DRR) and climate change adaptation (CCA). Results show a degree of 'vagueness' in outlining the role of the private sector with unclear conceptual boundaries of L&D, DRR and CCA posing challenges for stakeholders. Expectation that the private sector will support the emerging L&D framework through knowledge, skills and resource, particularly in developed countries, is apparent. Further clarity on expectations and the ability to deliver by the private sector is required.
Keywords: loss and damage; L&D; private sector; stakeholder engagement; climate change adaptation; insurance; UNFCCC; United Nations Framework Convention on Climate Change; disaster risk reduction.
International Journal of Global Warming, 2015 Vol.8 No.2, pp.213 - 230
Received: 31 Mar 2013
Accepted: 25 Jan 2014
Published online: 25 Sep 2015 *