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Financial institutions call for more climate change information

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25 Jan 2011

The United Nations Environment Programme Finance Initiative (UNEP FI) and the Sustainable Business Institute Germany (SBI) have released a report, Advancing adaptation through climate information services – Results of a global survey on the information requirements of the financial sector.

The report, sponsored by the German Federal Ministry of Education and Research, presents the results of an international survey undertaken by the Climate Change Working Group (CCWG) of the UNEP FI and the SBI. More than 60 institutions, from both developed and developing countries, took part in the survey.

The report concludes the availability of and access to climate change information remains insufficient. It notes the increasing financial relevance of climate change and highlights the fact that insurers and lenders need better information regarding the physical and economic impacts of the world's changing weather patterns.

The survey identified that information gaps can be closed by continued research towards more reliable climate modelling and forecasting, as well as enhanced translation of scientific knowledge and existing information into user-friendly information.

Click for press release (link to United Nations Environment Programme website).

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