Investing in Climate Resilience at The Collider in Asheville NC, Thursday 8 December 2016. Co-hosted by the Inter-American Development Bank, Acclimatise, and The Collider
The World Economic Forum has identified the "failure of climate change adaptation and mitigation" as the top global risk in 2016. The Global Commission on the Economy and Climate estimates that about US$90 trillion will be spent on global infrastructure in the next 15 years, much of which will be focused on building resilience and sustainability.
The growing need to better manage risks associated with climate change is also driving robust demand for climate solutions in the form of new analytics, market intelligence, resilient technologies, and financial and investment models that help to frame and manage climate risks. The coming reallocation of capital needed to redress the failure of current climate mitigation and adaptation efforts will further increase the demand for products and services that inform business and civic decisions in the face of increasing climate variability.
The goal of this meeting was to introduce investors to the growth potential in the emerging asset class of climate resilience ventures. To date, the lion's share of "green investing" has focused on clean and renewable energy, energy efficient technologies, and other low carbon projects. Climate resilience has been a difficult concept for many private actors, due to a lack of metrics and inherent uncertainties in the timing and magnitude of climate risks.
Nonetheless, both the public and private sectors are moving to protect assets and continuity in the face of this threat. This meeting will dive more deeply into the potential opportunities presented by climate resilient solutions, bringing together experts from around the globe who are providers of climate products and services, buyers of climate products and services, and the investment community.
Meeting objectives included:
Develop thought leadership on the state of the resilience products and services market and its readiness for different types of investment.
The growing need to better manage risks associated with climate change is also driving robust demand for climate solutions in the form of new analytics, market intelligence, resilient technologies, and financial and investment models that help to frame and manage climate risks. The coming reallocation of capital needed to redress the failure of current climate mitigation and adaptation efforts will further increase the demand for products and services that inform business and civic decisions in the face of increasing climate variability.
Understand The Collider and how it is accelerating innovation in climate solutions.
Explore investment opportunities and actions that are possible now.
COP22 en Marrakech, Mororcco, November 7-18, 2016
At COP22, GARI, of which the Proadapt Program and MIF are members, released Bridging the Adaptation Gap, a discussion paper focused on (1) Approaches to Measurement of Physical Climate Risk and (2) Examples of Investment in Climate Adaptation and Resilience” and summarizes the discussions of over 150 private investors and other stakeholders who met five times in 2016. Four Twenty Seven served as a contributing author to the paper.The survey showed that over 70% of private investors surveyed see both risk and investment opportunity from the impact of climate change. According to GARI, 78% of 101 surveyed investors and other stakeholders thought evaluating the physical risk from climate change was “very important,” while 70% would consider making investments that supported adaptation to climate change or climate change resilience now.
The report identifies six different approaches to measuring physical climate risk and reveals that respondents consider transparency and practicality the most important factors in approaches to assess physical climate risk. It also catalogs existing infrastructure, corporate, and fixed asset investments that support adaptation and resilience to climate change. Over 60% of respondent investors are considering investments today in resilient infrastructure and in companies whose products address the impact of climate change on water, agriculture, healthcare, energy, and financial services.
The Global Adaptation & Resilience Investment Working Group (GARI) was launched at Paris COP21 in conjunction with the UN Secretary General’s A2R Climate Resilience Initiative. GARI brings together private investors and other stakeholders to focus on the practical intersection of investment and climate adaptation and resilience.
More information COP22 in Marrakech, Morocco
More information Bridging the Adaptation Gap
Foromic 2016 in Jamaica, October 24-26, 2016
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Proadapt Conference in Cartagena, May 25-27, 2016
See the videos from the Conference in Cartagena de Indias, 25-27 May.
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