The United Nations Office for Disaster Risk Reduction and the Climate Bonds Initiative, have published a new report introducing a new Climate Resilience Classification Framework. Designed to encourage and investment into disaster and climate resilience.
This framework is intended to assist companies and investors in identifying investment opportunities in the midst of a changing climate. The Resilience Technical Advisory Group (RTAG) will further develop this initial framework, as outlined in the white paper.
The paper outlines what resilience would entail in seven climate resilience systemic themes:
- Resilient Agri-Food systems
- Resilient Cities
- Resilient Health
- Resilient Infrastructure
- Resilient Industry & Commerce
- Resilient Nature & Biodiversity
- Resilient Societies
The White Paper offers scope of what resilience would look like for each of those themes by identifying the guiding principles and prototype structure of a resilience taxonomy. The paper also sets out the initial scope of a climate resilience pipeline, enabling investors and companies to identify resilience opportunities.
It includes a call for action by providing a Terms of Reference for industry experts to join the efforts to collaboratively develop the taxonomy. UNDRR and Climate Bonds are inviting industry experts, scientists, and academics to join the working groups and contribute their expertise to this vital project, through its online form.
Additionally, UNDRR is convening a set of influential investors to advance financing solutions for resilience, through an Investor Advisory Board. This group of will further explore pathways for this resilience taxonomy to help mobilize capital markets resources for climate adaptation and disaster risk reduction.
Read the full press release and access the online form
Read the full White Paper from United Nations Office for Disaster Risk Reduction