ARISE-US, IIGCC, and InnSure present a webinar on how IIGCC’s Physical Climate Risk Assessment Methodology (PCRAM) can help deliver financing and risk transfer for infrastructure projects. IIGCC is the Institutional Investors Group on Climate Change. InnSure is a nonprofit innovation hub focused on the intersection of insurance and climate. The lead UN agency for the coordination of disaster risk reduction, the United Nations Office for Disaster Risk Reduction (UNDRR) established ARISE-US to build public-private collaboration in disaster risk reduction.
The Physical Climate Risk Assessment Methodology, or PCRAM, provides a standardized means of assessing climate risks. Further, PCRAM facilitates collaboration between the infrastructure and financial sectors by delivering a unified framework for evaluating climate risks and resilience strategies in public and private finance. The methodology was established four years ago by the Coalition for Climate Resilient Investment, with contributions from Mott MacDonald and 35 leading institutions and consultancies.
The webinar reviews PCRAM and real-world case studies from IIGCC and Mott Macdonald. IIGCC and InnSure discuss the planned PCRAM 2.0 improvements, including risk transfer mechanisms and links to insurance, further highlighting the benefits of optimized resilience investment for physical assets across the built environment. The webinar benefits government, engineering, finance, insurance, and utilities stakeholders who commission, design, finance, build, permit, insure, and operate infrastructure systems.
(Source: www.preventionweb.net/event/physical-climate-risk-assessment-methodology-pcram)
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