Enhancing European financing for adaptation to cascading climate risks

On 25 September 2023, ECDPM co-hosted a (hybrid) workshop, titled 'Enhancing European financing for adaptation to cascading climate risks’ and organised in the framework of the European Commission H2020-funded CASCADES project.
Focusing on the international dimension, the aim of this workshop was two-fold:
First, to address how financial institutions, and development finance institutions (DFIs) in particular, can better assess and integrate climate risks in their risk strategies and methodologies, building on the presentation of science-based models and tools and their applications to finance portfolios.
Second, to identify how European DFIs, public development banks and MDBs (EBRD, EIB) can more effectively scale up adaptation and resilience finance. We will focus on how to scale up complementarities and synergies between development cooperation and development finance actors, bridging the gap between the public sector, MDBs, DFIs and the private sector.