{"id":16082,"date":"2017-06-19T15:44:01","date_gmt":"2017-06-19T13:44:01","guid":{"rendered":"https:\/\/preprod.i4ce.org\/projet\/climinvest-tailored-climate-information-for-investment-decisions\/"},"modified":"2024-04-16T17:33:49","modified_gmt":"2024-04-16T15:33:49","slug":"climinvest-tailored-climate-information-for-investment-decisions","status":"publish","type":"projet","link":"https:\/\/staging.i4ce.org\/en\/projet\/climinvest-tailored-climate-information-for-investment-decisions\/","title":{"rendered":"ClimINVEST – Tailored Climate Information for Investment Decisions"},"content":{"rendered":"

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While climate impacts are already materializing, the regulators urge financial institutions to account for their exposure to \u201cphysical climate risks\u201d when taking decisions, and to disclose how they do so. This represents a true challenge for financial institutions, in terms of expertise and risk management tools.<\/strong><\/p>\n

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The ClimINVEST European project organized a direct collaboration between climate experts and financial institutions across Europe<\/strong> to identify and address the challenges of physical climate risk integration in finance<\/strong>. It results in publicly available resources<\/strong> that can be accessed through the figure below.<\/p>\n

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At the beginning of the project, the financial actors expressed a large array of needs<\/a> covering every aspects of risk decision-making and starting with a strong demand for capacity building. In turn, I4<\/span>CE<\/strong> worked with service providers to improve the transparency<\/a> of their analytical tools developed for financial users, and with the consortium research partners to develop guidance on climate risk analysis and resources.<\/p>\n

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Pilot assessments was also a key aspect of the project. In France, I4<\/span>CE<\/strong>, Carbone 4 and M\u00e9t\u00e9o-France collaborated with banking institutions (including the French Development Agency, BPCE, Caisse des D\u00e9p\u00f4ts, HSBC, Natixis) to explore the capabilities of physical climate risk analysis on fictitious portfolios. It results in practical feedbacks and recommendations<\/a> that I4<\/span>CE<\/strong> and CICERO summarized in the final project report.<\/p>\n

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See ClimINVEST resources<\/a><\/p>\n

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The ClimINVEST European Consortium:<\/strong><\/span><\/h2>\n

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During the three year and a half project period spanning from 2017 to February 2021<\/strong>, the consortium gathered specialists of climate finance; climate science; development and visualization of climate indicators in collaboration with investors.<\/p>\n

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Led by the Norwegian centre\u00a0CICERO<\/strong><\/a>\u00a0Climate Finance, the project team included\u00a0Wageningen Environmental Research<\/strong><\/a>\u00a0and\u00a0Climate Adaptation Services<\/strong><\/a>\u00a0from the Netherlands, as well as the French Institute for Climate Economics (I4CE<\/strong><\/a>),\u00a0M\u00e9t\u00e9o France<\/strong><\/a>\u00a0and\u00a0Carbone 4<\/strong><\/a>.<\/p>\n

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For more information, please see\u00a0the project\u2019s principle website<\/span><\/strong><\/a>.<\/p>\n

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Romain Hubert<\/a>, Project Manager at I4<\/span>CE<\/strong>, explains in two minutes what the physical climate risk is and the challenges faced by banks :<\/p>\n

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Project ClimINVEST is part of ERA4CS, an ERA-NET initiated by JPI Climate, and funded by RCN (NO), ANR (FR), NWO (NL) with co-funding by the European Union (Grant 690462).<\/em><\/p>\n

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