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Frankfurt School of Finance & Management

Expert in Climate Adaptation Finance Certified

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Description

Climate change will have a profound impact on countries and economies. Businesses, small and large, are affected; investors face increased risks, something also observed by the insurance industry.

Governments are required to respond too, and do so in different ways: they provide adaptation planning and some (often public) infrastructure, but they also play a key role in providing a policy environment that facilitates the response measures by all stakeholders in the economy. Essential for this course is that most of these response measures – adaptation measures - require investment. There is a tremendous spectrum from small enterprises to corporates up to larger private or public infrastructure projects seeking climate adaptation finance.

Course Details

Course Objectives

This course will help you to understand the many facets of, and perspectives on, climate adaptation finance – which is not and shall not be limited to grant funding. An overview of how financing typically takes place in different adaptation related projects will form the basis for discussions about why finance is flowing towards adaptation projects in some cases whereas in other situations commercial adaptation investment is inhibited. The different perspectives of businesses, investors and policy makers on adaptation will be given. This will support the participants to reflect on appropriate policy interventions to facilitate adaptation and to identify funds from various sources available to implement required measures globally.

At the end of the course, the knowledge gained will be applied to a number of real world examples of adaptation projects.

Unit 1: Introduction

Unit 2: Defining Adaptation: The many Faces of Climate Adaptation

Adapting economies and societies across the globe to the changing climate essentially means a broad structural change. This unit will discuss different definitions of adaptation and adaptation projects. It will also provide options to characterize adaptation projects.

Unit 3: Adaptation: A Stakeholder Overview

This unit introduces the main stakeholders, how they are differently affected by climate change and the role they might play in the adaptation process. The main stakeholders are governments & policy makers, corporates as well as insurance and investors, e.g. banks.

Unit 4: International Climate Politics

Unit 4 will provide a broad understanding of the main milestones in international climate change policy up to now, including both mitigation and adaptation policies.

Unit 5: Fundamentals and Sources of Finance

This unit introduce participants to the basics of project finance. It also provides a broader overview of which sources of financing that can be used for climate adaptation projects.

Unit 6: Overcoming Barriers to Adaptation Finance

This unit examines barriers to financing adaptation projects, reasons that inhibit financial flows to adaptation. The results are used for identifying public support instruments which policy makers and public finance institutions can use to try to overcome these barriers.

Unit 7: The Business Perspective of Adaptation Finance

Businesses will have to make their decisions against the background of a changing climate. They have to form expectations about their future business environment and at the same time have to account for uncertainty related to climate change. This will feed into their cost-benefit considerations.

Unit 8: The Investors' Perspective on Adaptation Finance

The consequences of climate change for existing businesses or new business models will naturally translate into the investors’ perspective. Risk may have to be reconsidered. New risks will be identified and integrated into risk management procedures. In this context the unit also covers aspects such as carbon stress-testing, reporting and divestment.

Unit 9: The Insurance Perspective on Adaptation Finance

The insurance industry plays different roles in climate adaptation. Demand for new / climate related risk insurance may increase. At the same time appropriate pricing of those insurances within a changing climate is a challenge. The second role of the insurance industry is the one of an investor in the capital markets, were the financial characteristics of a portfolio of adaptation investments are relevant.

Unit 10: The Role of Adaptation in the Overall Policy Mix

Based on what has been developed up to this point in the course, this unit will describe main building blocks of adaptation related policies and develop guidelines for designing such policies. Two prominent political policy goals in the adaptation context are:

  • Compensation of those who are negatively affected
  • Facilitating an efficient structural change

The unit discusses approaches to integrate both concerns into the policy mix.

Unit 11: Real-World Case Analysis

The last learning unit uses the project perspectives to connect the knowledge accumulated in the course to real world case studies. Detailed information about real adaptation projects, their problems and solutions, supported by step by step instructions from the trainers, will guide the participants and anchor the new theoretical framework for climate adaptation finance in actual results.

Who should attend

This course is suitable for both public and private sector practitioners, including entrepreneurs, project developers, private investors, initiator/fund houses, international development finance consultants and managers, plant operators and manufacturers, engineers and advisory professionals (e.g. law firms, business and tax consultants). Other interested parties, such as academics in relevant fields, are of course also welcome to register to the course.

The course aims to explain the many facets of, and perspectives on, climate adaptation finance. Pre-experience in (mainstream) banking and finance is therefore helpful but not required.

Experts

Silvia Kreibiehl is Head of the Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance (the Centre) at Frankfurt School of Finance & Management. In her role as Head of the Centre Ms. Kreibiehl has overall responsibility for all international Frankfurt Schoo...
Prof. Dr. Ulf Moslener arbeitet zu den Themen Ökonomik des Klimawandels und Finanzierung klimafreundlicher Energiesysteme. Er ist Wissenschaftlicher Leiter des UNEP Collaborating Centre for Climate and Sustainable Energy Finance. Geboren 1972 in Dortmund und aufgewachsen in Düsseldorf studierte ...
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