Gillian Caldwell
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- Milken Institute1h 4m
The New Climate Reality: Financing for Adaptation, Resilience, and Recovery | Global Conference 2024
Aimée Christensen, Gillian Caldwell, Jeff Goodell, Ekhosuehi Iyahen, Stacey Swann, Amy Christensen
Addressing the critical $3 trillion to $5 trillion annual financing gap for climate resilience, the event highlighted strategic efforts by USAID, the Insurance Development Forum, and 21 global foundations to leverage public capital in de-risking private investment. Speakers detailed innovative mechanisms such as BlackRock's new infrastructure fund, parametric insurance tools, and the IRA's Greenhouse Gas Reduction Fund to overcome pipeline challenges and the protection gap in emerging markets. The proceedings further underscored the economic viability of adaptation through evidence of a median $9 return per $1 spent while exposing contradictions in the $7 trillion in global fossil fuel subsidies and rising litigation against the sector.