The Climate Bonds Initiative joins forces with the UN Office for Disaster Risk Reduction (UNDRR) to launch a white paper to guide the development of a taxonomy for adaptation and resilience finance investment.
The paper "Designing a climate resilience classification framework" offers a scope of what resilience would look like for the seven climate resilience systemic themes set out in it by identifying the guiding principles and prototype structure of a resilience taxonomy. It also sets out the initial scope of a climate resilience pipeline, enabling investors and companies to identify resilience opportunities.
Furthermore, the whitepaper includes a call for action by providing a Terms of Reference for industry experts to join the efforts and collaboratively develop the taxonomy. Additionally, UNDRR is convening influential investors to advance financing solutions for resilience through an Investor Advisory Board, which will further explore pathways for this resilience taxonomy to help mobilize capital markets resources for climate adaptation and disaster risk reduction.
Click here to read the original article written by Investment & Pensions Europe.
Please give your feedback on this article or share a similar story for publishing by clicking here.
