San Pedro Sula, Honduras
Wednesday, November 13, 2019 to Thursday, November 14, 2019

On November 13 and 14 the kick-off workshop of a comprehensive climate risk analysis took place in San Pedro Sula, Honduras. San Pedro Sula is the second largest city in Honduras and the industrial center of the country. Extreme weather events and natural catastrophes have a great impact on its businesses and livelihoods of the city´s population. Especially vulnerable neighborhoods suffer from large flooding caused by heavy rainfall and hurricanes, expected to become more frequent and intense due to climate change.

The workshop was organized and implemented by the InsuResilience Solutions Fund in cooperation with the United Nations University’s Institute for Environment and Human Security (UNU-EHS) with the aim to familiarize all relevant stakeholders with the methodology applied, to understand their specific needs, and to define the final scope for the study. The mayor of San Pedro Sula inaugurated the workshop which was attended by over 60 representatives from the municipality, private sector, academia, community leaders and civil society organisations.

The climate risk analysis is based on the Economics of Climate Adaptation (ECA) Methodology, combining risk assessment as well as identification and assessment of adaptation measures and risk transfer solutions. The study’s results allow policy makers to make an informed decision in prioritising cost-effective adaptation measures.

Applying risk analysis tools and models developed by the insurance sector, the ISF in cooperation with the UNU-EHS offers comprehensive climate risk analysis as an essential element of climate risk management to partners in developing and emerging economies.