A group of investors and scientists has come together to develop a center to discuss, learn and develop tools to help incorporate climate risk into long-term investments.
CICERO Climate Finance will work to bridge the gap between researchers and financial stakeholders, and to assist the two sides in jointly developing solutions. CICERO stands for the Center for International Climate and Environmental Research in Oslo.
Startup funds for the center came from the Norway's Ministry of Foreign Affairs.
CICERO Climate Finance's advisory board includes representatives of BlackRock Inc., the World Bank Treasury, Sweden's AP2 and the Oslo Stock Exchange. The board will inform the center's work, which will focus on solutions and approaches to climate change, including the mapping of climate scenarios and their impacts on sectors and regions.
“CICERO Climate Finance will build on and utilize the nexus of climate finance expertise in Norway, expanding on this experience and extending it to international actors and activities,” said Borge Brende, Norway's minister of foreign affairs, in a statement on the center's website, www.cicero.uio.no.