Podcast: Project finance: Nancy Saich (EIB) & Craig Davies (EBRD) on integrating climate risk into investments

Podcast: Project finance: Nancy Saich (EIB) & Craig Davies (EBRD) on integrating climate risk into investments

By Will Bugler
 The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and other multilateral development banks invest large sums of money into infrastructure and development projects every year. There is increasing pressure for these projects to incorporate climate risk and resilience considerations into their design and development processes. Ensuring that long-term investments are resilient to climate change and its impacts is a major challenge for investors like EBRD and EIB.

There is a considerable need for effective methods for integrating climate solutions into project development. In response to this need a multistakeholder group of major investors and other partners have come together to release a new report to help practitioners assess climate risks and vulnerabilities and integrate them into their projects. To find out more about this report, I spoke with Nancy Saich who leads the Environment and Climate Office and the EIB, and with Dr Craig Davies, Head of climate change adaptation at EBRD.

To learn more about the ‘European Financing Institutions Working Group on Adaptation to Climate Change (EUFIWACC)’ report that is discussed in this interview click here.

Listen here:


Cover photo by Hteink.min (CC BY-SA 3.0): Hydro Energy Water Gate in Oulu.

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