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 our community
Net zero requires just, inclusive and radical transformations
Net zero requires just, inclusive and radical transformations
In Detail
New report: Is Germany ready for the future?

E3G´s new report “Is Germany ready for the future? The case for action in a climate-changed world.”, supported by EIT Climate-KIC, finds that Germany...

New report: Is Germany ready for the future?
Opinion
Redesigning venture capital (part II): A blueprint
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part II): A blueprint
In The News
EIT Climate-KIC’s work in Slovenia

Last November, the Slovenian parliament passed a motion to...

EIT Climate-KIC’s work in Slovenia
In The News
Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstr...

The Slovenian parliament passed a motion to adopt an...

Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstration
In our community
Cities in a 1.5 degree world: What is there to learn from Leuven?
Cities in a 1.5 degree world: What is there to learn from Leuven?
In our community
Slovenia adopts EIT Climate-KIC circular economy proposal: Q&A with Kirs...
Slovenia adopts EIT Climate-KIC circular economy proposal: Q&A with Kirsten Dunlop
Innovation Spotlight
Elemental Water Makers’ solar desalination an asset as climate change ...

EIT Climate-KIC supported Elemental Water Makers is a water desalination scale-up that’s transforming water systems by enabling...

Elemental Water Makers’ solar desalination an asset as climate change threatens clean water
Innovation Spotlight
Zolar’s household solar kit is democratising the energy sector

Energy production and consumption are the largest sources of greenhouse gas emissions in the European Union, accounting for 80 per cent...

Zolar’s household solar kit is democratising the energy sector
In our community
Interview with policy and governance innovation experts at Madrid and Basque...
Interview with policy and governance innovation experts at Madrid and Basque Country Universities
In The News
COP25: Measurement and attribution of climate contribution to financiers

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

COP25: Measurement and attribution of climate contribution to financiers
In The News
COP25: Madrid city side event

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

COP25: Madrid city side event
In our community
Interview about Futures Literacy with Riel Miller, Head of Foresight at UNES...
Interview about Futures Literacy with Riel Miller, Head of Foresight at UNESCO
In The News
COP25: Climate leader insights

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

COP25: Climate leader insights
In The News
OpenSurface land-use tracking platform launches at COP25

Pioneering AI, satellite and ground-sourced data technology drives more...

OpenSurface land-use tracking platform launches at COP25
In The News
COP25: Towards the systemic transformation

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

COP25: Towards the systemic transformation
In The News
Helsinki launches Climate Watch to track city’s emission reductions

The City of Helsinki recently launched the ‘Climate Watch’,...

Helsinki launches Climate Watch to track city’s emission reductions
Opinion
Moments matter*
Michelle Zucker Director, Community Activation, EIT Climate-KIC
Moments matter*
In The News
Naked Energy secures €6.17 million in funding

Naked Energy, an EIT Climate-KIC supported solar energy startup...

Naked Energy secures €6.17 million in funding
In The News
First European cluster accelerator programme launched in Frankfurt

How to take clusters to the next level and...

First European cluster accelerator programme launched in Frankfurt
Innovation Spotlight
Ioncell’s fiber innovation could help drive the circular economy transitio...

The textile, garment and fashion industries generate tonnes of pollution each year and recycle very little, which...

Ioncell’s fiber innovation could help drive the circular economy transition
Opinion
The challenge of redesigning venture capital
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
The challenge of redesigning venture capital
In Detail
Clean and Healthy Construction

Insights from the C40 World Mayors Summit in Copenhagen: Master Class and Market Dialogue for Clean and Healthy Construction. Why clean construction? Kevin Austin,...

Clean and Healthy Construction
Opinion
If we have figured out transformation, why is the world still in such a mess?
Susannah Fisher Research, EIT-Climate-KIC
If we have figured out transformation, why is the world still in such a mess?
Opinion
The tyranny of categorisation
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
The tyranny of categorisation
Opinion
EIT Climate-KIC strengthens biodiversity through systems change
Felicity Spors Head of International Affairs, EIT Climate-KIC
EIT Climate-KIC strengthens biodiversity through systems change
Opinion
Why our cities must act as beacons for ambitious climate action
Tom Mitchell Chief Strategy Officer, EIT Climate-KIC
Why our cities must act as beacons for ambitious climate action
In The News
Biggest-ever global hackathon to tackle climate breakdown

Over 100 Climathon events around the world turn grassroots...

Biggest-ever global hackathon to tackle climate breakdown
In The News
Global call for transformative solutions to tackle the climate emergency

EIT Climate-KIC launches Climathon Global Awards and Healthy, Clean...

Global call for transformative solutions to tackle the climate emergency
In The News
EIT Climate-KIC supported crop insurance project acquired by world’s largest...

The insurance sector is well aware of the rising...

EIT Climate-KIC supported crop insurance project acquired by world’s largest re-insurer