[Event Recap] Cascading Climate Risks: Towards Adaptive and Resilient Societies

On March 29, Antoine Bavandi (Senior Financial Sector Specialist, Crisis and Disaster Risk Finance, World Bank) participated in the EU-funded CASCADES project stakeholders’ workshop, focused on cascading climate risks for business and finance. The workshop provided an opportunity to share insights about methodological advancements in assessing climate physical risks and their transmission to the financial sector and discuss implications for climate policy and adaptation investments.

The EU-funded CASCADES project seeks to understand the conditions under which climate risks propagate beyond their geographical, sectoral, and temporal location in ways that may affect financial stability and cohesion. Its main aim is to identify the policy leverage points that can help the EU to adapt and respond to such cascading climate risks. Click here to read more.