Enhancing European financing for adaptation to cascading climate risks

Focusing on the international dimension, the aim of this hybrid workshop is two-fold:

First, we will address how financial institutions, and development finance institutions (DFIs) in particular, can better assess and integrate climate risks in their risk strategies and methodologies, building on the presentation of science-based models and tools and their applications to finance portfolios.

Second, we will identify how European DFIs, public development banks and MDBs (EBRD, EIB) can more effectively scale up adaptation and resilience finance. We will focus on how to scale up complementarities and synergies between development cooperation and development finance actors, bridging the gap between the public sector, MDBs, DFIs and the private sector.

Programme

09:30-09:35
Welcome and introduction by Hanne Knaepen, Head of climate action and green transition, ECDPM

09:35-11:00
Panel 1: Assessing climate financial risks: How to better integrate the risk dimension to inform adaptation finance?
This panel will be moderated by Irene Monasterolo, Professor of Climate Finance, Utrecht University School of Economics (U.S.E.)

9:35-10:10 Presentation about the methodology to assess climate physical risk in adaptation finance, by Giacomo Bressan, WU Vienna University of Economics and Business, followed by a short Q&A

10:10-11.00 Panel discussion

Marie Scholer, Senior Expert, Sustainable Finance Policy, European Insurance and Occupational Pensions Authority (EIOPA)
Martina Spiaggiari, Team Lead, Financial Stability, European Central Bank (ECB)
Nepomuk Dunz, Financial Sector Economist, World Bank
Iyabo Masha, Director, G24

11:00-11:30
Coffee break and networking

11:30-12:55
Panel 2: Bridging agendas: How to make different actors work together for adaptation?
This panel will be moderated by San Bilal, Senior executive, Associate director – sustainable economies and climate action, ECDPM

Jérôme Heitz, Practitioners Network Chair, Expertise France
David Kuijper, General Manager, Association of European Development Finance Institutions (EDFI)
Michael Rattinger, Senior Climate Officer, European Investment Bank (EIB)
Christine Müller, DG CLIMA, European Commission

12:55-13:00
Conclusion and way forward by Daniel Adeniyi, Policy officer, climate action and green transition, ECDPM

13:00-13:45
Lunch reception

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Related materials

Asset-level assessment of climate physical risk matters for adaptation finance Giacomo Bressan, Anja Duranovic, Irene Monasterolo, Stefano Battiston

Mobilising (European) development finance for climate adaptation and resilience Pamella Eunice Ahairwe and San Bilal