Tools for climate resilient investment
ClimINVEST aims to help investors respond to the TCFD recommendations and bring transparency to methodology used in climate risk assessment tools. It does so by promoting structured dialogue between investors and climate scientists on physical climate risks, co-designing relevant physical climate risk indicators with investors, and developing practical tools – such as flow charts, maps, and checklists – that investors can use to support decision
making. The results of the project, both findings and tools, will be publicly accessible.
ClimINVEST engages investor user groups in Norway, France, and the Netherlandsto understand their needs, and reviews existing tools offered by climate service providers to understand and identify gaps.
ClimINVEST report: “Getting started on physical climate risk analysisin finance”overviews existing tools available to assess physical climate risk in the financial sector.
The project consortium members are co-designing physical climate indicatorsrelevant for selected sectors and translating them into practical visualization tools, tailored to investor needs.
I am Jana Sillmann, the scientific lead on the ClimINVEST project. I am a physical climate scientist (PhD) specialized in analyses of climate extremes. In my work, I focus on factors that can drive changes in climate extremes. I use interdisciplinary approaches for better integration of natural and social sciences. Particularly, I am interested in relating physical and statistical aspects of climate extremes to socio-economic impacts and questions related to risk assessment and decision making.
ClimINVEST brings stakeholders together from three different countries. CICERO (Norway) convenes the CICERO Climate Finance Center and leads the ClimINVEST project. I4CE (France) integrates climate change into investment and financial decision-making.
Wageningen Environmental Research (Netherlands) advises on building resilience to climate change through user-driven climate services. Carbone4 (France) develops userfriendly decision-making tools to develop and conduct scenario analysis. Météo-France (France) contributes to the development of climate services. Climate Adaptation Services (Netherlands) specializes in combining information about climate change with innovative communication and visualization techniques.
Detailed analysis (https://www.cicero.oslo.no/no/publications/internal/2884) and synthesis (https://link.springer.com/chapter/10.1007/978-3-030-36875-3_8) of needs in France, Norway and the Netherlands in 2018
Climate risk factsheet (https://www.cicero.oslo.no/en/posts/single/climinvest-suite-of-scientific-factsheets-building-understanding) and video (https://cicero.oslo.no/en/posts/news/climinvest-presentation-series-physical-climate-change-for-finance) on main characteristics and requirements of the analysis
Climate modelling 101 factsheet (https://www.cicero.oslo.no/en/posts/single/climinvest-suite-of-scientific-factsheets-building-understanding) and video (https://cicero.oslo.no/en/posts/news/climinvest-presentation-series-physical-climate-change-for-finance) and paper (chap. 37) (https://www.ngfs.net/sites/default/files/medias/documents/case_studies_of_environmental_risk_analysis_methodologies.pdf) on climate scenarios
Floods, heat waves and drought factsheets (https://www.cicero.oslo.no/en/posts/single/climinvest-suite-of-scientific-factsheets-building-understanding) and video (https://cicero.oslo.no/en/posts/news/climinvest-presentation-series-physical-climate-change-for-finance) on climate indicators
and data needs
Report (https://www.carbone4.com/publication-climinvest-assessing-climate-physical-risks?lang=en) on suitable data strategies
Report (https://www.i4ce.org/download/getting-started-on-physical-climate-risk-analysis-in-finance-available-approaches-and-the-way-forward-3/) and paper (chap. 35) (https://www.ngfs.net/sites/default/files/medias/documents/case_studies_of_environmental_risk_analysis_methodologies.pdf) opening the black box of climate services
News & Events
European Research Area for Climate Services
ERA-NET Cofund for Climate Services - This ERA-NET Consortium has been designed to boost the development of efficient Climate Services in Europe, by supporting research for developing better tools, methods and standards on how to produce, transfer, communicate and use reliable climate information to cope with current and future climate variability.
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