The Global Commission on Adaptation is proud to be part of it.”. Chaired by the CEO of Willis Towers Watson John Haley, the coalition aims to transform infrastructure investment by integrating climate risks into decision-making, driving a shift toward a more climate resilient economy for all countries, including the most vulnerable. This coalition was created to ensure that, by 2025, physical climate risks are systematically integrated into all investment decisions. Properly pricing climate risk in financial decision-making will align investment flows towards infrastructure capable of withstanding a changing climate. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Each of our four initial action tracks is led by an executive-level industry expert. Going forward, innovative capital market instruments such as Resilience Bonds will be structured, and the pricing framework will be implemented across resilient infrastructure investment funds. The Coalition is the first of its kind, as a financial-sector led initiative, that brings together over 30 organisations across the investment value chain to address climate resilience challenges. You also have the option to opt-out of these cookies. Governor Gavin Newsom has announced that the state of California has joined the public-private Coalition for Climate Resilient Investment (CCRI)... As countries face the biggest health crisis in living memory and climate risk, the defining challenge of the modern era, world leaders must resist the trap of parking one systemic risk to address the other. The American Society of Civil Engineers (ASCE) and the Global Covenant of Mayors for Climate and Energy announced a new coalition focused on advancing practical solutions for sustainable and resilient infrastructure in light of climate change. The Strand CCRI builds on the formidable momentum created by disclosure initiatives such as TCFD (Task Force for Climate-related Financial Disclosures), by advancing solutions for a practical integration of these risks in investment decision-making. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. From the prioritisation of investments at a national level, to their design and structuring and their financing, CCRI´s expertise covers critical stages of the infrastructure investment value chain, and its solutions are at the forefront of responding to the emerging needs of private and public investment decision-makers. Recently Hurricane Dorian has reminded us of the destructive power of weather systems. Extreme weather poses an existential threat to the world`s most vulnerable nations, but also to the world’s most advanced economies’ critical infrastructure. Necessary cookies are absolutely essential for the website to function properly. Adam House By COP26 in 2020 analytical tools including a physical risk pricing framework and methodology to prioritise national resilient investment needs, will be developed, alongside a range of instruments to prevent capital flight from the most vulnerable regions, such as a technology transfer programmes, technical assistance facilities and/or blended finance facilities. 6 country pilot projects will trial these innovations, protecting economies and citizens` lives from growing climate impacts. Pricing the risks posed by climate change will create opportunities to build a network of resilient infrastructure in high, medium and low-income countries, enabling us to better prevent future human and financial disasters.”. Chaired by the CEO of Willis Towers Watson John Haley, the coalition aims to transform infrastructure investment by integrating climate risks into decision-making, driving a shift toward a more climate resilient economy for all countries, including the most vulnerable. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Undefined cookies are those that are being analyzed and have not been classified into a category as yet. For further information, please contact Alem Tedeneke, Media Lead, World Economic Forum at, or Tom Fern, Head of Communications, IIGCC at Analytical cookies are used to understand how visitors interact with the website. This website uses cookies to improve your experience while you navigate through the website. The Institutional Investors Group on Climate Change (IIGCC) is proud to be announced as a supporter of the private sector-led Coalition for Climate Resilient Investment, launched today: Private sector-led Coalition for Climate Resilient Investment brings together companies across the infrastructure investment value chain with assets totalling USD 5 trillion. “The G20 has forecast that global infrastructure investment needs will reach $94 trillion by 2040, so it is of paramount importance that these investments properly integrate physical climate risks.”, John Haley By clicking “Accept All”, you consent to the use of ALL the cookies. In this context, the Coalition for Climate Resilient Investment’s focus on integrating climate risks into decision-making will help finance the infrastructure investment needed to build an economy more resilient to climate change.”. The coalition will work to break down barriers to action and close the resilience investment gap. This dynamic new coalition will help make climate risks visible, leading to better decisions and smarter investments for the future. Since the Coalition’s inception, membership has grown rapidly and comprises: London, WC2N 6AA. Coalition for Climate Resilient Investment. An information pack for journalists is available. There is a crucial need to develop new sources of data and analytical tools to better understand the risks posed by climate change to our societies and economies. But opting out of some of these cookies may have an effect on your browsing experience. Climate Action 100+ calls for net-zero business strategies & sets... $16 trillion investors develop first-ever framework for net zero... © 2020 Institutional Investors Group on Climate Change Ltd. All Rights Reserved. Through to the end of 2019, the Coalition will develop case studies to build the business case and identify the critical enabling environments for climate resilient infrastructure investment. Governments of the United Kingdom, Jamaica, the Solomon Islands and Belize. Andrew Steer, President and CEO, World Resources Institute; Commissioner, Global Commission on Adaptation, adds: “Making infrastructure resilient to climate change has been regarded for too long as a burden and a cost. CCRI Chair | CEO of Willis Towers Watson. We use cookies to ensure that we give you the best experience on our website. A United Nations Climate Action Summit and COP26 flagship initiative, The Coalition for Climate Resilient Investment (CCRI) represents the commitment of the global private financial industry, in partnership with key private and public institutions, to foster the more efficient integration of physical climate risks (PCRs) in investment decision-making. 7-10 Adam Street On September 23, 2019, during Climate Week, John Haley spoke on behalf of the CCRI at the United Nations. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We also use third-party cookies that help us analyze and understand how you use this website. It is part of the package for the United Nation Climate Action Summit`s Adaptation and Resilience track, led by the UK and Egypt. If you’d like more information on the coalition or how to join us, please contact us. The Coalition brings together private companies, governments and inter-governmental bodies, including many of the world’s leading financial businesses and asset managers that collectively manage more than USD10tn in assets. It is mandatory to procure user consent prior to running these cookies on your website. Providing a methodology to quantify the economic and financial benefits will provide a substantial and critical incentive for financial markets to embed resilience upfront. These cookies will be stored in your browser only with your consent. If you continue to use this site we will assume that you accept their use.

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