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26 June 2024
London, England
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Wednesday, June 26 • 13:05 - 13:35
Positioning Open Source at the Core of the Climate Loss & Damage Funding Mechanism - Richard Clark, Ortec Finance & Matthew Sandoe, The Linux Foundation

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As extreme weather becomes more frequent and severe, climate-related damages will increase, particularly within the least resilient economies that typically have the lowest carbon footprint. COP27 saw the framing of the UN’s Loss & Damage (L&D) fund to compensate for damage stemming from climate change. This presentation will outline Ortec Finance’s practical approach towards how the L&D could be executed to allow funding to commence and the important role open source could play in such an intertwined and complex resolution, showcasing Open Source Climate (OS-Climate) as an example of community collaboration in the field of physical climate risk and resilience. The ideas are developed in a recent Nature Comment: Climate loss-and-damage funding: a mechanism to make it work (nature.com, https://www.nature.com/articles/d41586-023-03578-2)
Speakers
avatar for Matthew Sandoe

Matthew Sandoe

OS-Climate Physical Climate Risk Lead, The Linux Foundation
Matt has worked in a diverse range of innovative environments spanning government funded entrepreneurial schemes and food sector R&D, through to gaining >25 years senior experience in financial risk management, most recently as a climate risk manager at BNP Paribas bank. Matt is currently... Read More →
avatar for Richard Clarke

Richard Clarke

Acute Physical Risk and Climate Specialist, Ortec Finance
Richard is the key developer of ClimatePREDICT, Ortec Finance's extreme weather physical risk modelling tool used in financial modelling. He has >10 years of climate science experience and is a Fellow of the Institution of Chemical Engineers with a wide industrial and R&D background... Read More →

Wednesday June 26, 2024 13:05 - 13:35 BST
Westminster 1+3
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