Agroforestry projects in Belgium. Hydropower plants in Tanzania. Stormwater projects and green buildings in South Africa. These infrastructure assets all have the potential to provide important benefits, from new jobs to ecosystem services, and avoid significant costs. Assessing these costs and benefits, however, requires a full understanding of the climate-related risks and externalities, which can only come from world-class data.
With this in mind, the International Institute for Sustainable Development and KnowlEdge (KE) are proud to announce that our new contract with the Copernicus Climate Change Service (C3S), one of the six thematic information services provided by the EU’S Copernicus Earth Observation Programme, will allow us to integrate world-class data on climate into the Sustainable Asset Valuation.
C3S is operated by the European Centre for Medium-Range Weather Forecasts (ECMWF) and is home to the landmark Climate Data Store, which provides a single entry point for continuously updated climate data and products on the past, present, and future. This data comes from satellite and in-situ observations and models.
Over the coming months, IISD and KE will integrate this data into our assessments to generate sophisticated SAVi analyses on the costs of climate-related risks and climate-related externalities. This approach will be applied to four use cases of infrastructure projects in their design phase:
- New and upgraded housing and commercial developments in a proposed “eco-district” in Johannesburg, South Africa
- Stormwater management upgrades in a proposed “eco-district” in Johannesburg, South Africa
- A hydropower project in northern Tanzania
- Agroforestry and climate adaptation in Welkenraedt, Belgium
Along with providing valuations of these projects, the use cases can also inform the policy priorities of local and national policy-makers as they seek to fulfil their national and international climate commitments.
The insights developed from these assessments will show governments, investors, and project developers why low-carbon, resource-efficient, and climate-resilient infrastructure brings the most attractive returns to capital holders and the public alike.