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2019.07.03 - Supporting economic prosperity through climate resilience and adaptation: Glasgow City Region’s approach

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Overview of Glasgow City Region's approach to adaptation as part of the broader economic development agenda, as presented as part of London Climate Week

Publicado en: Economía y finanzas
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2019.07.03 - Supporting economic prosperity through climate resilience and adaptation: Glasgow City Region’s approach

  1. 1. Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer. Supporting economic prosperity through climate resilience and adaptation: Glasgow City Region’s approach 3 July 2019
  2. 2. • 8 municipalities within Glasgow City Region • £40bn GVA – a third of Scotland’s Economic Activity • 1.8m people live, work and play here • Diverse mix of urban and rural areas Credit: University of Glasgow
  3. 3. • Strategic initiative to support Glasgow City Region to manage the current and future impacts from the climate crisis. • 15 partners establishing a coordinated, cross- sector long-term approach to adaptation • Key mechanisms: – Development of adaptation strategy and action plan, & shared evidence base – Capacity building and support – Climate leadership and advocacy and international knowledge exchange • Development of Adaptation Strategy and Action Plan underway – endorsed by Glasgow City Region Cabinet Climate Ready Clyde Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  4. 4. • Supporting Inclusive Economic Growth through climate proofing – Ensuring new capital investment achieves expected financial performance, contributing to long-term economic uplift – A significant financial hub – so well placed to be part of the green finance transition – Wider private sector confidence – will strengthen positions in Inward investment tracking service • Improving attractiveness of City Region as a place to live, work and play – enhancing our cultural heritage • Addressing inequality and delivering social justice - Done correctly, can reduce mental and physical health impacts, including disproportionate effect on most vulnerable – e.g. children, elderly, low income, renters • Fiscal sustainability – Helps avoid unforeseen costs Strategic framing in Glasgow City Region Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  5. 5. Our members Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  6. 6. Economic framing of adaptation in Glasgow City Region’s Adaptation Strategy Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  7. 7. Strategy focus Short term (next 5 years) • Address priority risks from Risk and Opportunity Assessment in a fiscally and socially responsible way Medium term (next 10 years) • Set the framework to build the City Region’s overall resilience to projected future climate change to support economic development • Outline the mechanisms for future delivery – funding and accountability - partnership working crucial here • Support City Region's broader agendas around economic development Long term (10+ years) • Move upstream into broader socioeconomic processes which drive exposure and vulnerability Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  8. 8. Climate Risks and Opportunities for Glasgow City Region • 67 climate risks and opportunities identified for Glasgow City Region • Collaborative process, designed and delivered with over 100 stakeholders from across Glasgow City Region, Scotland and UK • Advised by international advisory board of academics, cities, and the Committee on Climate Change • Assumes a 4 degree rise, though scenarios considered where available • Management of risks mapped to UN SDGs Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  9. 9. Climate risks and opportunities for GCR Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer. All risks related to economic prosperity due to systemic nature of society For economy, business and industry, adaptation economy and tourism identified as opportunities, whilst risks to business disruption, sites, and supply chains, as well as water scarcity all identified as risks
  10. 10. • Total aggregate costs £400m/year in 2050s • Similar numbers in terms of benefits but for different groups • Large-scale climate event would have high financial and economic impacts, as well as wider (multiplier effects) - hit the public finances
  11. 11. Guiding principles for prioritisation of action Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer. Is there a current or near term risk? Is there a major long-term risk? No and low regret adaptation, including building capacity Watching brief – periodic review ‘Climate smart’ incl. decision making under uncertainty ‘Early planning / iterative adaptive management’ Would early action have benefits and build resilience? Are there benefits from early activities / long lead times? Early decision with a long life-time / risk of lock in? Type of adaptation Decision characteristic Timing of risk No Yes Adapted from Watkiss, P. (2019)
  12. 12. Strategy focus Short term (next 5 years) • Address priority risks from Risk and Opportunity Assessment in a fiscally and socially responsible way Medium term (next 10 years) • Set the framework to build the City Region’s overall resilience to projected future climate change to support economic development • Outline the mechanisms for future delivery – funding and accountability - partnership working crucial here • Support City Region's broader agendas around economic development Long term (10+ years) • Move upstream into broader socioeconomic processes which drive exposure and vulnerability Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  13. 13. Floor Target – Minimum resilience to 1.5 degree rise • IPCC ‘gives world 11 years before pathways relatively fixed • Range of uncertainty on climate change • Global emissions target of 1.5 – 2 degrees • Government’s ramp up efforts every 5 years – next due in 2020 • Aim to build 4-degree capacity and resilience now – revise with mitigation progress • Actual assumptions will vary Emissions Data: Climate Action Tracker IPCC 1.5 degree threshold Climate resilience trajectory for Glasgow City Region Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  14. 14. Capacity building for change • Developing a collaborative theory of change – top down • A ‘bottom-up’ approach to climate risk management for capital investment underpinning economic development – Briefing City Region leaders on the new landscape in the context of global finance and the declaration of climate emergency – Embedded into draft economic development strategy – Screening of £1bn Glasgow City Region City Deal for climate risk with Paul Watkiss Associates – Development of open-source toolkit to assess infrastructure and built-environment projects and training – Emerging public sector commitments on screening investment for climate risk – University of Glasgow, University of Strathclyde, local authorities • Exploring partnerships with risk analysis firms for aligning risk disclosure with TCFD corporate requirements Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  15. 15. Strategy focus Short term (next 5 years) • Address priority risks from Risk and Opportunity Assessment in a fiscally and socially responsible way Medium term (next 10 years) • Set the framework to build the City Region’s overall resilience to projected future climate change to support economic development • Outline the mechanisms for future delivery – funding and accountability - partnership working crucial here • Support City Region's broader agendas around economic development Long term (10+ years) • Move upstream into broader socioeconomic processes which drive exposure and vulnerability Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  16. 16. • Short term need to recognise that climate change can protect and enhance broader economic, social and environmental goals • Longer term need to recognise that these models are also driving our vulnerability and risks to an extent so have to explore why and how they can be addressed Moving upstream Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  17. 17. Longer term economic development • Our present economic model is driving uneven exposure and vulnerability to climate risk, and uneven adaptation, mirroring broader inequality at global, national and local scales • Reform or transformation is needed – a political debate required about how to do this • For example: could include readjustment of financial flows, power structures, economic and social policy reform and mind-set • Adaptation to climate change should be a key consideration in land-use, economic development and welfare approaches as part of broader transformation / environmental & social progress Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  18. 18. Longer term economic development • Our present economic model is driving uneven exposure and vulnerability to climate risk, and uneven adaptation, mirroring broader inequality at global, national and local scales • Reform or transformation is needed – a political debate required about how to do this • For example: could include readjustment of financial flows, power structures, economic and social policy reform and mind-set • Adaptation to climate change should be a key consideration in land-use, economic development and welfare approaches as part of broader transformation / environmental & social progress Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.
  19. 19. Thank you Kit England Climate Ready Clyde Manager T: 0141 229 7738 / 07791 332250 E: kit@sniffer.org.uk www.climatereadyclyde.org.uk @kitengland / @ClimaReadyClyde Climate Ready Clyde is a cross-sector initiative, funded by 15 partners and delivered by sustainability charity, Sniffer.

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