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Expert Meeting – Requirements of Weather Markets WMO December 5, 2007 Ulrich Hess, Chief of Business Risk Planning Ulrich Hess, Chief of Business Risk.

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Presentation on theme: "Expert Meeting – Requirements of Weather Markets WMO December 5, 2007 Ulrich Hess, Chief of Business Risk Planning Ulrich Hess, Chief of Business Risk."— Presentation transcript:

1 Expert Meeting – Requirements of Weather Markets WMO December 5, 2007 Ulrich Hess, Chief of Business Risk Planning Ulrich Hess, Chief of Business Risk Planning WFP Initiatives

2 AGENDA WFP & WFP Strategy Initiatives –WFP/IFAD partnership China Global Weather Risk Market Making –Ethiopia Phase II

3 WFP RESPONSE IN EMERGENCIES CORE TARGETED PROGRAMMES HAVING THE BEST ANALYTICAL AND OPERATIONAL TOOLBOX AVAILABLE HANDING OVER TO PARTNERS TRANSFERRING SKILLS AND KNOWLEDGE TO COUNTRIES INVESTING IN PREVENTION PRECURSOR EFFORTS FOLLOW ON EFFORTS PARTNERSHIPS operations in 78 countries Budget of USD 2.9 billion 88 million people assisted 4 million tonnes of food

4 ETHIOPIA PHASE II Occurrence (no. of years) Drought severity – Early Livelihood Protection costs (Mil Euro) Insurance Contingency Grant/Fund/WFP CEMOP Flash Appeal Productive Safety Net 7.3 Mil Safety Net Beneficiaries6.7 Mil Livelihood Protection Target Beneficiaries

5 WFP/IFAD GLOBAL WEATHER RISK MARKET MAKING Core team of Experts & Market Makers Create Global and national public goods that enable weather risk markets –Weather Data (real time+historical) & Weather Data Infrastructure –R&D –Technical Assistance for demonstration projects Crowd in Weather Risk Takers

6 Support Levels

7 Vision: From small contracts…

8 ….for small farmers…

9 …to large safety net contracts… Occurrence (no. of years) Drought severity – Early Livelihood Protection costs ($US Mil) Insurance Contingency Grant/Fund/WFP CEMOP Flash Appeal Productive Safety Net 8.3 Mil Safety Net Beneficiaries7 Mil Livelihood Protection Target Beneficiaries

10 …protecting vulnerable households!

11 HENCE: LARGER SHARE OF NON-OECD CONTRACTS…. Distribution of total number of contracts by region 2000-2007 2008- 2011

12 …AND SIZABLE NON-OECD MARKETS! 2008- 2011

13 China GoC/IFAD/WFP Weather Index Insurance Feasibility Study –Flood Index based Protection –Drought Index Insurance Demonstration and replication effects

14 CONCLUSION: Weather Index based risk transfer is important.... Destitution Dignity Risk financing Cost Climate Change

15 THANKS! Ethiopia LEAP Tool download: http://vam.wfp.org/LEAP Free software download. Please do not distribute without consent of WFP and World Bank For questions: ulrich.hess@wfp.org,

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