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Integrating Climate Change Information and Adaptation in Project Development

 

PUBLISHING NEWS

3 June 2016 – London, UK – The European Bank for Reconstruction and Development (EBRD) has announced the publication of a planning “note” entitled Integrating Climate Change Information and Adaptation in Project Development: Emerging Experience from Practitioners. The note is intended to help practitioners assess climate change risks and vulnerabilities and integrate adaptation measures – structural or non-structural – into project planning, design and implementation.

The Paris Agreement on climate change, adopted in December 2015, adds momentum to the need for practical approaches in support of climate change adaptation, in order to scale up action on strengthening climate resilience. The emerging experience of experts from European financing institutions and the European Commission provides insights into how these climate issues can be best integrated into project development and implementation.

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Photo: The Yarmouk hydro power plant in Jordan, courtesy of EBRD

The note summarises this experience. The overall aim of this note is to help make projects and investments more resilient to the effects of climate change and to implement adaptation measures that reinforce the climate resilience of goods, people, economies and territories of the beneficiaries.

The note is based on the emerging experience of experts from seven European institutions working together under the umbrella of the European Financing Institutions Working Group on Adaptation to Climate Change (EUFIWACC).

The group comprises Agence Française de Développement (AFD), the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Commission’s Directorate-General for Climate Action (DG CLIMA), the European Investment Bank (EIB), KfW Development Bank (KFW), and the Nordic Investment Bank (NIB).

The note further benefited from the technical expertise of experts from the JASPERS partnership (Joint Assistance to Support Projects in European Regions) and the Climate Service Center Germany (GERICS), as well as an advisory group of consultancies.

The group considers the document a continuous learning process that should and will evolve in a context where new tools for decision-making under uncertainty are needed, and where the track record regarding best practices or specific due diligence is still developing.

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses. For more information, visit http://www.ebrd.com/

Source: EBRD