Getting started on Physical climate risk analysis in finance – Available approaches and the way forward

The implementation of the new banking package (or Capital Requirements Directive package) that adopts the final parts of the international Basel 3 financial regulation is underway in the European Union. The European Banking Authority (EBA) along with the other European Supervisory Authorities (ESAs) is mandated to develop technical standards that provide the framework to help […]

The European Commission is due to deliver a Vision for Agriculture and Food, within the first 100 days of its new mandate. Feeding into this work, the Strategic Dialogue on the Future of Agriculture (SDFA) published its report “A shared prospect for farming and food in Europe” in September. The spending under the Common Agriculture Policy (CAP) and its alignment with the climate goals agreed at the EU level will be central to the next steps.  

Putting Agricultural Risk Management on the Agenda 

In recent years agriculture has been hit by numerous crisis in France: adverse climatic events (primarily droughts, floods, and frost) and health crisis (notably avian flu), directly impacting agricultural production. Broader crisis, such as COVID-19 pandemic and the Russia’s invasion of Ukraine, have also indirectly but significantly affected the agricultural sector. Climate change, the ongoing Ukraine conflict, and overall geopolitical tensions suggest that these crisis and their impacts will become a lasting pattern in the future. These are crucial factors to consider when defining and strengthening food sovereignty.