The social development bank in Europe

News

Integrating climate change adaptation into project development: emerging experience

3 June 2016

Paris floods
The river Seine in Paris, June 2016
PARIS - The Paris Agreement on climate change, adopted in December 2015, adds momentum to the need for practical approaches in support of climate change adaptation, in order to scale up action on strengthening climate resilience. The emerging experience of experts from European financing institutions and the European Commission provides insights into how these climate issues can be best integrated into project development and implementation.

A note summarising this experience – entitled Integrating Climate Change Information and Adaptation in Project Development: Emerging Experience from Practitioners  – has been prepared in order to help practitioners assess climate change risks and vulnerabilities and integrate adaptation measures – structural or non-structural – into project planning, design and implementation. The overall aim is to help make projects and investments more resilient to the effects of climate change and to implement adaptation measures that reinforce the climate resilience of goods, people, economies and territories of the beneficiaries. 

The note is based on the emerging experience of experts from seven European institutions working together under the umbrella of the European Financing Institutions Working Group on Adaptation to Climate Change (EUFIWACC).

The group comprises Agence Française de Développement (AFD), the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Commission’s Directorate-General for Climate Action (DG CLIMA), the European Investment Bank (EIB), KfW Development Bank (KFW), and the Nordic Investment Bank (NIB).

The note further benefited from the technical expertise of experts from the JASPERS partnership (Joint Assistance to Support Projects in European Regions) and the Climate Service Center Germany (GERICS), as well as an advisory group of consultancies.

The group considers the document a continuous learning process that should and will evolve in a context where new tools for decision-making under uncertainty are needed, and where the track record regarding best practices or specific due diligence is still developing.

 

Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.

Related publications
  • “Addressing environmental challenges and  their social implications in europe”
    “Addressing environmental challenges and their social implications in Europe”
    Published: April 2015 Download