Guidelines For Making Vulnerable Investments Climate Resilient

Apr 26th, 2013 | By | Category: Adaptation, Agriculture, Biodiversity, Books, Capacity Development, Development and Climate Change, Energy, Environment, Government Policies, Green House Gas Emissions, Information and Communication, International Agencies, Publication, Resilience, Vulnerability

Guidelines for climate ResilienceEU Climate Adaptation Platform: The preparation of these guidelines has benefited from useful inputs from a range of stakeholders, who had the opportunity to comment on a preliminary draft. Those include representatives from the European Investment Bank, the European Bank for Reconstruction and Development, KPMG, Network Rail, the European Institute for Environmental Policy, and KfW. Both the EIB and the EBRD already agreed to test the guidelines for some pilot projects.

Aims and objectives of these Guidelines
The primary objective of these Guidelines is to help developers of physical assets and infrastructure incorporate resilience to currentclimate variability and future climate change within their projects
These Guidelines form part of the overall EU effort to mainstream climate change adaptation, following on from the White Paper on Adapting to Climate Change published by the Commission in 2009. They are designed to providesupport to developers of physical assets and infrastructure.
They are aimed at helping project developers understand the steps they can take to make investment projects resilient to climate variability and change. The Guidelines provideinformation on the steps that can be undertaken to integrate climate resilience within a familiar project lifecycle appraisal practiced by project developers. They are intended to:
•help manage the additional risks from climate change,
•complement and integrate within the familiar project appraisal processes used inproject development, but
•not to replace existing project development processes.

They explain when and how to apply sevenmodules which make up the climate resilience toolkit. The modules will help to:

  • consider how a project is vulnerable to climate variability and change,
  • assess current and future climate risks to the success of the project,
  • identify and appraise relevant and cost-effective adaptation options to build climate resilience, and
  • integrate adaptation measures (resilience measures) into the project lifecycle.

Application of these Guidelines should help to minimise climate change related loss to public, private and combined public/private investments, leading tomore robust investment projects and, ultimately, more resilient economies. They should help developers to improve the success of investment projects and ensure their long-term sustainability.

By using these Guidelines, project developers can also demonstrate to project funders/financiers that climate resilience has been considered.

The Guidelines can be applied for two types of project:

  • ‘Climate-influenced projects’ – assets and infrastructure projects whose success may be affected if climate change is ignored,
  • ‘Climate adaptation projects’ – whose main aim is to reduce vulnerability to climate hazards, such as a flood management scheme.
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