Commitment to Action

C40 Cities Climate Risk Assessment Framework

Commitment by

C40 Cities Climate Leadership Group, Inc.

In 2013, C40 committed to facilitate the development of a framework to assess, prioritize, and manage climate risk. This will be achieved by convening a new Risk Assessment Network comprised of officials and leaders from 5-10 C40 cities working in partnership with private sector leaders. C40 will provide the coordination structure to the Network as it works towards the development of a framework with the goal of having developed a beta risk assessment framework within year one, to be piloted in 10 C40 cities. Once developed, a risk assessment framework can be used by C40 cities to help them quantify the impact of climate change on their local environments and to effectively prioritize investments and projects. It will also enable banks to better structure lending for resilient infrastructure, and the develop standards for accessing adaptation-linked finance and allow insurance companies to approach the valuation of risk in a uniform way, ensuring continued investment in urban infrastructure.

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Overview
Summary

Commitment

C40 Cities Climate Risk Assessment Framework

Launched

2013

Est. Duration

2 years

Estimated Total Value

$

Region

Latin America & Caribbean, Asia

Countries

ARGENTINA, BANGLADESH, BRAZIL, CHINA, COLOMBIA, DENMARK, EGYPT, ETHIOPIA, GERMANY, GREECE

Commitment by

C40 Cities Climate Leadership Group, Inc.