Enhancing European financing for adaptation to cascading climate risks
On 25 September 2023, ECDPM will co-host a (hybrid) workshop, titled 'Enhancing European financing for adaptation to cascading climate risks’ and organised in the framework of the European Commission H2020-funded CASCADES project. The workshop will start at 9:30 CEST, and be followed by a lunch reception from 13:00 until 13:45. For those attending in person, the meeting will take place at the ECDPM office, Avenue des Arts 44, Brussels.
Focusing on the international dimension, the aim of this 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
ECDPM staff involved
Watch the recording
Presentation by Jérôme Heitz, Practitioners Network Chair, Expertise France
Presentation by San Bilal, ECDPM
Presentation by Giacomo Bressan, Vienna University of economics and business
Related reading
In this paper produced for the CASCADES project, Pamella Eunice Ahairwe and ECDPM’s San Bilal assess the potential of European development financial institutions and public development banks in supporting climate adaptation and resilience in developing countries.
Read the paper
