Resilient Planet Finance Lab @UniofOxford’s Post

Our new report is out! 🥳 Give it a read to find out why #climateadaptation is not only cost-effective but essential for long-term economic growth and human development more broadly. Here's the gist, summarised in 11 key insights: 1. Climate change and adaptation should be routinely integrated into fiscal risk analysis and debt sustainability analyses, including analysing the benefits of adaptation for fiscal space, fiscal resilience and sovereign credit ratings. 2. Cost of capital for sovereign financing instruments can be reduced through investment in adaptation, including implementing appropriate disaster risk financing strategies and sustainability-linked sovereign finance for adaptation. 3. Countries need appropriate adaptation taxonomies (or integration of adaptation within a green taxonomy) that are aligned with national goals. 4. Adaptation must be integrated with sustainable budgeting approaches, project procurement and project appraisal to identify where public expenditures could be more strongly aligned with national adaptation and nature goals. 5. Investment plans for adaptation and infrastructure should be formulated in collaboration with the private sector and civil society 6. Public spending should be targeted more carefully to mobilise private capital effectively and maximise the co-benefits from green infrastructure investment to society. 7. Blended finance should be allocated to the investment with the highest social value relative to its costs, and considering relevant alternatives. 8. Institutional frameworks for mobilising and monitoring adaptation finance with clear national vision and goals should be adopted by Ministries of Finance. 9. Policies need to be developed in tandem with local communities for greater impact, sustainability and alignment with broader development and poverty reduction agendas. 10. Invest in physical climate risk data and tools constitutes a public good. 11. Risk analytics and macroeconomic modelling used within government decision making must incorporate climate risks and take full account of climate extremes and their interlinkages with nature-related risks and the potential for cascading risks. Thanks for the great collaboration Dr Nicola Ranger Mark Bernhofen Matt Burke Dr. Roosa Lambin, Akaraseth Puranasamriddhi, Juan Sabuco, and Roberto S. and to UNEP's Himanshu Sharma! United Nations Environment Programme Finance Initiative (UNEP FI) Green Fiscal Policy Network Environmental Change Institute (ECI), University of Oxford Smith School of Enterprise and the Environment - University of Oxford Climate Compatible Growth #CCG

🎇 NEW REPORT 🎇 We are delighted to have supported this excellent report from a team including our colleagues Mathias Weidinger and Dr Nicola Ranger. We also very much enjoyed the webinar on this, which was very well attended. Very simply, the report addresses the persistent issue (among certain people) that investing in climate adaptation projects and sustainable 'green' growth such as renewable 🌞 energy projects, or sustainable 🚙 transport, can only be done at the expense of jobs and growth. However, the evidence is clear that climate adaptation is not only a cost-effective use of public funds, but also VITAL to underpin prosperity, wellbeing and economic security for the future of a country. This report demonstrates how this works and is well worth reading. See below for more details and the link. What are YOUR thoughts on this issue?

I'm looking forward to talking about how inclusive/comprehensive wealth is being measured by the World Bank and the UNEP and the inconsistent signals that arise from the application of theory. Talk is based on our recent WP https://lnkd.in/eEHQye2a

Very interesting reading, particularly in light of the latest developments in the global banking industry (i.e., 6 US banks quitting Net Zero alliance).

🌱 Building Europe’s Future: The role of climate finance in global competitiveness 🌍 After much effort and passion, I’m thrilled to share my latest article on sustainable finance: A deep dive into how green initiatives reshape global economies, businesses, and communities. What’s inside? 🔎 A comprehensive analysis of Europe’s economic stagnation and the lessons we can draw from Mario Draghi’s report. 🌍 Insights into China’s green energy dominance and Africa’s awakening as a future leader in sustainability. 📈 Why sustainable finance is the ultimate win-win: from job creation to energy sovereignty and cost-effectiveness. 🇺🇸 A detailed look at the U.S. strategy—how the Inflation Reduction Act unites red and blue states on climate action. 🇪🇺 Europe’s head start in climate sustainability, its levers of influence, and the challenges it must overcome. Whether you’re a professional in finance, a sustainability advocate, or just curious about Europe's future and how sustainable finance can reshape the continent, there’s something in this article for you! 👉 Read the full article here: https://lnkd.in/etSPgJSS I’d love to hear your thoughts—do you think sustainable finance is the key to a more equitable and competitive global economy? Let’s discuss! #SustainableFinance #GreenEnergy #Economics #ClimateAction #FutureOfWork

🛠 📝 Making climate #transitionplans work   Expectations are high that transition plans will drive the #decarbonization of the economy.   🤝 However, companies often lack clarity on how their transition plans are utilized. Strengthening the alignment between transition plans of financial institutions and businesses is crucial to ensure consistent #climateaction across sectors. Additionally, there is a gap between the ESG and/or #transitionmetrics reported by corporates and financial metrics used by financial institutions. Bridging this gap requires deeper collaboration and dialogue between the financial sector and corporates.   💬 In our joint workshop organized with the London School of Economics (CETEx (Centre for Economic Transition Expertise) at Grantham Research Institute), I4CE - Institut de l'économie pour le climat / Institute for Climate Economics, Oxford University (Smith School of Enterprise and the Environment - University of Oxford), University of Giessen (Justus-Liebig-Universität Giessen) and Frankfurt School of Finance & Management we discussed with representatives from academia, banks and corporates three use cases of transition plans and how these perspectives can be better aligned in the future.   •  For corporates, transition plans should be a strategic management tool, not only a reporting exercise •  The financial sector needs credible information for their own strategic decisions and #netzero alignment •  Financial institutions (and financial regulators) need TPs to assess #climatetransitionrisks in their portfolios to reduce (systemic) financial risks and guide capital allocation and pricing   🔎 We discussed and emphasized five main areas of improvement:   1. More guidance on underlying scenarios 2. Improving data availability and access 3. Better harmonization of EU regulation on transition plans 4. Highlighting the case for transition risk assessment at firm level 5. Guidance to facilitate comparable quantitative assessment of transition risks   🔧 Overall, transition plans are not only a reporting exercise but are vital for corporate strategy and as tool to engage with stakeholders, including investors and policymakers. Investors and banks have a key role in engaging with and supporting companies' transition plans, helping drive progress toward climate goals.   Further information on the workshop can be found on the website: https://lnkd.in/gRXU5DXf

The Strategic Foresight Toolkit for Resilient Public Policy, the OECD's new publication designed to help policymakers anticipate and navigate future challenges and opportunities, is here! By exploring 25 potential disruptions across environmental, technological, economic, social, and geopolitical domains, the Toolkit equips governments with a practical, five-step foresight methodology to challenge assumptions, create scenarios, stress-test strategies, and develop future-ready policies. It includes: → facilitation guides → case studies → actionable insights to support resilience in an uncertain world. Get the Toolkit here: https://lnkd.in/dj3EpvEQ #futures #foresight #strategicforesight #STEEP OECD - OCDE Futures Fit #toolkit #facilitation

EBC Financial Group and University of Oxford’s Department of Economics provided thought-provoking discussions on climate change’s impact on the global economy. Key insights included: 🔹 Aligning finance with global sustainability goals. 🔹 Innovative economic strategies to tackle climate challenges. This collaborative effort underscores the importance of addressing climate-driven shifts in the global economy and fostering innovation in sustainable finance. https://lnkd.in/duyxzwvn 📊 #Sustainability #ClimateEconomy #FinanceNews #ForexLive

On 15 October, the OECD Environment will host a hybrid stakeholder session on “Mobilising Private Capital for Industry Decarbonisation” in Paris at 15:40 CEST. The session will be held during the 11th OECD Forum on Green Finance and Investment Mobilisation, focused on “Shifting the financial system and strengthening enabling environments to mobilise trillions”. The session aims to: ✅ present the upcoming Climate Club report “Mapping financial and technical assistance for industry decarbonisation in emerging markets and developing economies: Taking stock of trends for hard-to-abate sectors”, under Pillar III of the Climate Club Work Programme 2024. ✅ promote dialogue among international finance institutions, philanthropies, institutional investors, and international organisations on the necessary enabling conditions and financing mechanisms required, considering success stories from different countries, sectors, and technologies. ✅ outline solutions to improve the coordination of the financial and technical assistance required for industry decarbonisation and for their effective use to mobilise private capital. Find out more 🔎 ➡️ https://lnkd.in/gHVtaxSf Register here 👉 https://lnkd.in/gem48x4Q #OECD #industry #decarbonisation #climateclub #financing #OECDgfi

A week to go! Sign up for our ASCOR State of Transition in Sovereigns Webinar: https://lnkd.in/eFxRZ_u6 ❓What are key takeaways from the assessments of 70 countries in terms of their emission pathways, climate policies and climate finance? ❓What are key priorities for investors in sovereign transition to net zero? ❓ How should sovereign issuers work with the private sector to raise capital for transition finance? These are some of the questions that will be answered during our #ASCOR State of Transition in Sovereigns 2024 Webinar: Tracking national climate action for investors. This webinar is organised by the Transition Pathway Initiative Centre (TPI Centre) based at The London School of Economics and Political Science (LSE). The TPI Centre is the academic partner of the investors-led initiative, Transition Pathway Initiative (TPI) Join us for interactive discussions with our speakers. 📅 Thursday 6 February 2025 ⏲️ 10:00 GMT, 11:00 CET, 18:00 Singapore, 19:00 Seoul/Tokyo, 21:00 Sydney 🎙️Speakers: 🔸Claudia Gollmeier, Head of Investment Management APAC & MEA, Managing Director, Singapore, Colchester Global Investors Limited; Chair, the Principles for Responsible Investment (PRI) Sovereign Debt Advisory Committee; Co-Chair, #ASCOR 🔸Sang Hyun Kwak, Director, Government Bond Policy Division, Treasury Bureau, The Ministry of Economy and Finance of the Republic of Korea 🔸Antonina Scheer, Policy Fellow, Research Project Manager, TPI Centre at LSE 🔸Moderator: Carmen Nuzzo, Professor in Practice, Executive Director, TPI Centre at LSE #SustainableFinance #GreenBonds #Sustainability-linkedBonds #GSSSLBonds #TransitionFinance #ClimateFinance #ClimatePolicies #Impact Grantham Research Institute on Climate Change & the Environment CETEx (Centre for Economic Transition Expertise) Ministry of Foreign Affairs, Republic of Korea, Embassy of the Republic of Korea in the United Kingdom of Great Britain and Northern Ireland