Join NatureFinance and the European Central Bank (ECB) in discussing recent developments in assessing nature-related risks and integrating these into climate-nature scenarios.
Event details
- 📅 28th November 2024
- ⏰ 14h00-16h30 CET
- Register 👉 click here
Background
The Potsdam Institute for Climate Impact Research (PIK), European Central Bank (ECB) and NatureFinance have partnered to advance pioneering efforts to develop a novel integrated climate-nature scenario framework. Our project marks initial and evolving efforts to develop integrated climate-nature scenario narratives and showcase their implications through a sophisticated modelling infrastructure combining macroeconomic and biophysical models.
The project team published in February 2024 an interim first report outlining the scenario narratives and modelling infrastructure developed. It will be publishing the final report to disseminate the final project outputs in late November 2024. This joint project is one of several recent research initiatives focused on nature-related economic and financial risk analysis.
Event Overview
The European Central Bank and NatureFinance are co-hosting a 2-hour online event to gather key experts to present and discuss recent developments in assessing nature-related risks and integrating these into climate-nature scenarios. It will also be an opportunity to present the final outputs of their joint project. The event will emphasise that integrating the assessment of nature and climate risks is an urgent priority, not only for the risk assessment scenarios used by central banks and financial supervisors but also for broader policymaking and regulation guiding financial and economic transitions.
Through the presentation of concrete case studies, experts and practitioners will demonstrate attempts to assess and model climate- and/or nature-related biophysical, economic, and financial risks within specific European countries and regions. Participants will gain insights into preliminary key findings, potential implications, as well as the associated challenges in modelling these risks.
Finally, key experts and practitioners in the field will debate the future direction of research and policy to equip central banks and financial regulators to better address the deeply intertwined threats of climate change and the biodiversity crisis. To register for this event, please click here.
This event aims to:
- Highlight the significance and advantages of an integrated perspective on nature and climate risks for financial decision-making and regulation.
- Present emerging research that can support central banks and financial regulators in assessing climate and nature-related risks, with insights into key findings.
- Emphasise the urgency of action, underscoring that policymakers do not need to wait for perfect, comprehensive tools to start making progress.
Who should attend?
Central bank representatives, financial policymakers, other policymakers active in environmental and sectoral policy, and private financial institutions already engaged in advanced scenario analysis.
Confirmed Speakers include
- Irene Heemskerk, European Central Bank
- Alexander Popp, The Potsdam Institute for Climate Impact Research
- Julie McCarthy, NatureFinance
- Nicola Ranger, The University of Oxford
- Miodrag Stevanović, The Potsdam Institute for Climate Impact Research
- Alexander Barkawi, Council on Economic Policies
- Justin Johnson, The University of Minnesota
- Sjoerd van der Zwaag, De Nederlandsche Bank
The European Central Bank climate change centre
The European Central Bank (ECB) climate change centre brings together the work on climate issues in different parts of the bank. The climate change centre shapes and steers the ECB’s climate agenda internally and externally, building on the expertise of all teams already working on climate-related topics. More information about the relevancy of climate change and nature degradation to the ECB and its objectives and actions can be found here.
NatureFinance
NatureFinance is an international not-for-profit organisation dedicated to aligning global finance with equitable, nature positive outcomes. In realising this goal, NatureFinance is active in advancing the use of appropriate biodiversity data in disclosing and managing nature related risks, developing purposeful nature markets, advancing financial innovations including in sovereign debt and nature credit markets, strengthening nature related liabilities – especially in addressing nature crimes – and promoting digital approaches to advancing citizen action on nature.
