Introducing Climate Risk Information – a flagship programme working with the OASIS community

Climate-KIC reaffirms its strategic support for the Climate Risk Information flagship programme, with €1.5M innovation investment for 2017.

Increasingly different parts of society are facing the need to plan and adapt to a riskier future as a result of climate change and increasing frequency of extreme weather events. While the insurance sector has been at the forefront of this area, many other stakeholders (city planners, commodity traders, infrastructure investors and engineers, and businesses) face challenges in decision-making that can be helped by greater use and access to climate risk data and models.

The 3-year strategy of the CRI Flagship addresses these challenges, working with the OASIS community, by:

  • Supporting key entities that help set standards and provide a marketplace
  • Demonstrating use of climate risk data and models
  • Supporting enabling activity such as capacity-building and financial innovation

At the core of CRI is the Oasis open-source loss modelling framework (Oasis LMF), which allows users to feed in a range of hazard, exposure and vulnerability data. Oasis LMF is backed by an insurance industry-led consortium, which values transparency, increasing access and use of available data and models.

CRI will focus resources on addressing the following priority areas:

 

  1. Demonstrating the use of climate risk models and data for concrete end-user applications to demonstrate the value of using climate risk data and models in end-user investment, insurance or planning decisions and thereby create confidence and growth in the market. Key market segments for 2017 are Cities, Agriculture/Land Use, and Health.

 

  1. Developing an e-marketplace for risk data and models to be exchanged and consumed: An online marketplace in which climate risk models and environmental risk data can be bought and sold, or through which models and data can be made available free-of-charge and where revenue is generated via transaction-levy.

 

  1. Supporting key market enabling activity to maximise the value of the open market through cross-cutting efforts in education and capacity building to increase understanding, foster innovative risk transfer methods and lower the barriers to engagement.

 

For more on these priorities, sec 2.4B here.

European countries already involved in the flagship community include the United Kingdom, Germany, Hungary, Denmark, and France.  Existing project partners include; Oasis Palmtree, Imperial College London, Betterpoints Limited, Potsdam Institute for Climate Impact Research, The Municipality of Budapest, Technical University of Denmark DTU, Aria Technologies, and GFZ Helmholtz Centre Potsdam.

The CRI Flagship sits within the Decision Metrics and Finance theme. Climate-KIC’s Decision Metrics and Finance team work with our network of 200+ partners to develop the metrics and financial mechanisms to redirect and mobilise the finance needed to quickly scale up climate action. We provide a platform for all sectors, from public and private financial players, to policy makers and governments to unlock finance through innovation.

Open Calls

Climate Risk Information is seeking to support new projects. Click here to find out more about this call. Please express your interest by 9 June 2017 – the deadline for proposal submission is 30 June 2017.

Partner Workshop

CRI will be holding an interactive workshop on the 22nd June in Paris hosted at the Université Pierre et Marie Curie with the intention of bringing together Climate-KIC partners working in the city space together to identify challenges and provide solutions for financing climate resilient cities.

Potential collaborators, or those who are interested in becoming a Climate-KIC partner are also very welcome to join. Please get in touch.

Management

CRI is managed by Dr. Julie Calkins. Contact Julie regarding the flagship programme and on topics related to risk modelling, collaborative research, disaster risk reduction, resilience, adaptation, and health.

Contact: julie.calkins@climate-kic.org

Twitter: @JulieACalkins

 

 

 
Location
Articles you may be interested in
In Detail
Municipality-led circular economy case studies from EIT Climate-KIC and part...

How can cities create prosperity for expanding populations whose rates of consumption are increasing, while strengthening the systemic change that supports waste and resource management?...

Municipality-led circular economy case studies from EIT Climate-KIC and partners
In Detail
Transformative change through innovation: An analysis of the role of innovat...

One of the areas with significant potential to reduce carbon emissions is the energy sector, including the transition away from coal. It is, and...

Transformative change through innovation: An analysis of the role of innovation in five transition regions
In The News
COP24 report: The vital role of land use in climate mitigation

With the carbon costs of travel in mind, key...

COP24 report: The vital role of land use in climate mitigation
In The News
COP24: Distributed ledger technology could help enact Paris Agreement

With the carbon costs of travel in mind, key...

COP24: Distributed ledger technology could help enact Paris Agreement
Opinion
System innovation is needed to help regions shift to a low-carbon economy
System innovation is needed to help regions shift to a low-carbon economy
In The News
COP24: Social innovation to drive just transition of coal regions

With the carbon costs of travel in mind, key...

COP24: Social innovation to drive just transition of coal regions
In Detail
DLT for climate action assessment

DOWNLOAD THE REPORT Over the past decade, we’ve witnessed a myriad of milestones that have put the vision of a prosperous, climate-resilient society on...

DLT for climate action assessment
In The News
EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES

EIT Climate-KIC’s ConnectedClusters project—which aims to accelerate innovation clusters...

EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES
Opinion
St. Patrick is on a Mission – #MissionFinance 1.5 C
Sandra Vlašić, Partnerships, Resources and Stories Terra Hub
St. Patrick is on a Mission – #MissionFinance 1.5 C
In our community
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
In The News
How to unlock the finance needed for integrated landscape approaches

Why integrated landscape approaches matter and how to unlock...

How to unlock the finance needed for integrated landscape approaches
In The News
Regional Innovation Scheme start-ups showcase cleantech achievements supported...

Last month (October 2018) in Vienna, Austria, 32 start-ups...

Regional Innovation Scheme start-ups showcase cleantech achievements supported by EIT Climate-KIC
In The News
City Finance Lab explores new advisory services to catalyse investment in sust...

With the carbon costs of travel in mind, Climate...

City Finance Lab explores new advisory services to catalyse investment in sustainable cities
In The News
EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emis...

As an active member of the community working to...

EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emissions reduction
Opinion
Distributed ledger technologies are here to stay
Dr. Harald Rauter Regional Innovation Lead, Climate-KIC
Distributed ledger technologies are here to stay
In The News
Search for 100 1.5C-compatible investments launched

The EU-backed Mission Innovation initiative has launched a framework...

Search for 100 1.5C-compatible investments launched
In The News
Can self-reporting be effective for investors?

Most climate and ESG data is self-reported – can...

Can self-reporting be effective for investors?
In The News
Risky business: Why 1.5C-aligned strategies are key to preserving capital

Decision-makers with responsibility for capital need to make bold,...

Risky business: Why 1.5C-aligned strategies are key to preserving capital
In The News
No alternative: Making sustainable infrastructure the only option

Only a fraction of global climate finance is reaching...

No alternative: Making sustainable infrastructure the only option
In The News
Could ambitious financial regulation be a key driver of climate action?

With the carbon costs of travel in mind, Climate...

Could ambitious financial regulation be a key driver of climate action?
In The News
Bridging the climate adaptation investment gap

Financing climate adaptation took centre-stage at Day 2 of...

Bridging the climate adaptation investment gap
In Detail
Techno-economic assessment and life cycle assessment guidelines for CO2 util...

CO2 utilisation technologies, also known as carbon capture and utilisation (CCU) or CO2 re-use, capture CO2 and convert it into new products or services....

Techno-economic assessment and life cycle assessment guidelines for CO2 utilisation
In The News
Re-Industrialise launches at the European Week of Cities and Regions

EIT Climate-KIC and partners recently launched the Re-Industrialise programme,...

Re-Industrialise launches at the European Week of Cities and Regions
In Detail
Reframing our current approach to urban transformations

EIT Climate-KIC gathered the outputs and lessons-learned from an urban transformations community workshop in Malaga, which saw more than 100 city leaders and teams...

Reframing our current approach to urban transformations
Opinion
Reframing perspectives on climate change
Reframing perspectives on climate change
Opinion
Only 20 companies in the world provide 100 per cent greenhouse gas emissions disclosure – Are ...
Only 20 companies in the world provide 100 per cent greenhouse gas emissions disclosure – Are investors in the dark on climate risks?
In The News
Gaining a better understanding of climate risk

The roadblocks that stand in the way of companies...

Gaining a better understanding of climate risk
In The News
The power of persuasion: Great Debate changes audience’s mind on self-re...

With the carbon costs of travel in mind, Climate...

The power of persuasion: Great Debate changes audience’s mind on self-reporting
In The News
A masterclass on climate-related financial disclosure

If we want to keep on track with the...

A masterclass on climate-related financial disclosure
In The News
Transforming financial sector’s core value system may be essential to 1.5C

With the carbon costs of travel in mind, Climate...

Transforming financial sector’s core value system may be essential to 1.5C