Asian Development Bank, ADB

Session 2A: Adaptive and Shock-Responsive Social Protection

Rising climate and disaster risk is likely to increase the number and vulnerability of poor households and individuals. It also puts pressure on the capacity of social protection systems to strengthen the ability of the poor and vulnerable households and individuals (e.g., women, children, older persons, informal workers) to prepare for, cope with, and adapt to covariate shocks and stresses. The Asia and Pacific region is highly exposed to climate risk with six of its countries included in the top 10 countries most affected by climate impacts based on Global Climate Risk Index. It is imperative that governments particularly in these countries consider building risk-informed social protection systems. This session shared knowledge on adaptive and shock-responsive social protection (ASRSP) initiatives at the regional level and how these are helping build resilience of the poor and vulnerable households and individuals to climate and disaster risk, including the building blocks (governance, data, financing, technology, etc.) for making ASRSP work, and the lessons learnt and recommendations. The session also shared country experiences in mobilizing climate finance for supporting adaptive and shock-responsive social protection.