In keeping with this season’s excursions away from Deep Convection’s traditional focus on climate science, this episode features Abhisheik Dhawan. While he's not a climate scientist, his innovative ideas intersect with climate change, development, and finance in a unique way. He is currently a Sustainable Finance and Partnerships Specialist at the United Nations Capital Development Fund (UNCDF), an organization that focuses on providing essential financial support to the world’s least developed countries. In that role, Abhisheik is responsible for coming up with innovative mechanisms for providing sustainable finance to the world’s poorest countries. And the mechanism he has come up with is called Climate Insurance Linked Resilient Infrastructure Finance, or CILRIF. The premise of CILRIF is to grant long-term insurance to cities against weather and climate related calamities, such as floods and storms. Then, when cities actively invest in resilience or adaptation methods, they receive a cut in the premium. So CILRIF’s ultimate aim is to assign a tangible price tag to climate adaptation in urban settings, thus unlocking capital for it. While it might sound fairly straightforward, this is in some ways quite a radical proposal. For instance, the long-term contracts it proposes are nearly unheard of in the world of property insurance. CILRIF is not operational yet, but for nearly three years, Abhisheik has been at the helm of a volunteer working group, collaborating with insurers, academics, engineers, and finance experts to set the CILRIF wheels in motion. "[What we want] is resilient cities, whatever that means for that city. [...] You need to define for every city on the planet, […] what is the extreme climate it is most exposed to? We don't want to look at financing for regular floods […] which have been happening every year […]. But looking at a 200-year flood […], which will have a devastating effect on a community, how do you protect from that? And actually if you protect from that, then you will automatically reduce the damage from regular floods as well." Of course, Adam also talks with Abhisheik about his whole life and career, starting with his origins in Lucknow/India, his training and early employment as a mining engineer, how he transitioned to finance and then made it to the US, to do a graduate degree at Columbia, and then into his current role. The interview with Abhisheik was recorded in March 2023.  Abhisheik's website at the UNCD