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Assessing climate-resilient finance and investment.pdf

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Assessing climate-resilient finance and investment.pdf

  1. 1. ASSESSING CLIMATE-RESILIENT FINANCE AND INVESTMENT A pilot study Jolien Noels and Raphaël Jachnik TFCCA 5th meeting 28 November 2022
  2. 2. Project motivation Economic actors and investors have a direct incentive to manage the increasing physical risks from climate change Article 2.1c of the Paris Agreement calls for “making finance flows consistent with both a pathway towards low greenhouse gas emissions and climate-resilient development” Research gaps on metrics and methods to assess climate-resilient finance: lack of consistent methods and data 28/11/2022 TFCCA 5th meeting 2
  3. 3. Project aim Explore possible methods and data that could be used for assessing progress towards the resilience-related provision of Article 2.1c https://one.oecd.org/document/ENV/ EPOC/WPCID(2022)17/en/pdf 3 28/11/2022 TFCCA 5th meeting
  4. 4. Collaboration within the Environment Directorate of the OECD: – Research Collaborative on Tracking Finance for Climate Action • data and approaches for measuring progress towards Article 2.1c of the Paris Agreement – Task Force on Climate Change Adaptation (TFCCA) Secretariat • Adaptation and resilience policy – Environmental Performance and Information (EPI) division • Indicator and database development and analysis of climate hazards 4 Internal collaboration and output 28/11/2022 TFCCA 5th meeting
  5. 5. Project scope Analyse both real-economy investments by companies and financial equity holdings in listed companies – Economic actors and investors have a direct incentive to manage their exposure to climate risks – To safeguard their assets, remain operational and maintain competitiveness Investigate resilience alignment based on a range of climate hazards 28/11/2022 TFCCA 5th meeting 5
  6. 6. Project scope Focus mainly on European countries Reflections on other geographical contexts through additional case studies Focus on manufacturing sector – High and increasing exposure to climate hazards – Large potential for private adaptation finance as an extension of current natural hazard risk management – Risks to productive capital-intensive facilities that are location-dependent – Explore differences in vulnerability of different manufacturing subsectors 28/11/2022 TFCCA 5th meeting 6
  7. 7. Project approach and data Geospatial distributions of climate hazards Facility data on climate exposure Risks to company investments and financial holdings Proxies for company resilience alignment 7 Current and modelled future climate hazards exposure Locations of productive facilities Ownership of facilities, real-economy investments, financial stock Progress towards resilience: adaptation policies and plans 28/11/2022 TFCCA 5th meeting
  8. 8. • What are your views and suggestions on the intended analytical steps and scope for the pilot study? – Do you agree with the approach taken? – Are there any other data sources you would to see considered? • Does your country have national-level adaptation or resilience policies or benchmarks relevant for the analysis? • Would your country be interested in exploring a case study? Please provide your written comments by Friday 16 December Questions for delegates 8 28/11/2022 TFCCA 5th meeting
  9. 9. Thank you Raphael.JACHNIK@oecd.org Jolien.NOELS@oecd.org

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