Adaptation and Resilience


1. Climate Bonds Standard V2.1
2. Climate Bonds Standard & Certification Scheme Brochure


November 2018: AREG Launched    

June 2019: Adaptation and Resilience Principles to be released for Public Consultation

1. Climate Bonds Launches AREG - New Stage in Standards Development

Any questions on Adaptation and Resilience?

Please Contact Ujala Qadir at:

What is Adaptation and Resilience?

Climate risks and the need to build climate adaptation and resilience (A&R) capacity present new opportunities, in both developed and developing countries. There is a need for A&R innovation across a range of sectors. Such innovations include water-efficient technology, drip irrigation, wind-, flood-, and heat-resilient building materials, new financial and insurance products, early warning systems, drought-resistant seeds, and new health products, among many others.

The private sector can also gain many non-financial benefits by investing in A&R, in the form of enhanced liability management, increased reputation among local communities, and employee protection.

To date, green bonds have focused primarily on mitigation efforts with a lesser emphaisis on adaptation. Robust criteria for mitigation for several sectors have already been developed under the Climate Bonds Standards, but strategic guidance is needed for introducing A&R criteria across all sectors in a consistent and systematic manner. 

The Adaptation and Resilience Expert Group (AREG) 

CBI convened an Adaptation and Resilience Expert Group (AREG) to discuss and develop the A&R Principles, which will provide high-level guidance for determining when projects and assets are compatible with a climate resilient economy, and therefore should be certified under the Climate Bonds Standard.

The A&R Principles will provide the framework under which sector-specific A&R Criteria will be subsequently developed by sector based Technical Working Groups (TWGs), following review by the AREG. For the sectors that already include A&R Criteria, the AREG will evaluate their fit with the framework and provide recommendations on alignment. For the new sector criteria under development, the AREG will provide guidance to ensure alignment with the framework.


Members of AREG
Biographies of current members of the Technical Working Group are available here. You can read more about the AREG development process in our November 2018 Blog Post here
Puja Sawhney
EU Switch: Asia SCP Facility
Alfredo Redondo
Senior Manager: Adaptation Diplomacy
C40 Cities Climate Leadership Group
Neuni Farhad
Project Officer: Adaptation Research
C40 Cities Climate Leadership Group
Stacy A. Swann
CEO and Founding Partner
Climate Finance Advisors, Benefit LLC
Federico Mazza
Adaptation Lead
Climate Policy Initiative
Karoline Hallmeyer


Climate Policy Initiative
Joyce Coffee (AREG Lead) 


Climate Resilience Consulting
Carel Cronenberg
Associate Director: MRV Manager
Craig Davies

Head of Climate Resilient Investments

Cinzia Losenno

Senior Climate Change Specialist

Emilie Mazzacurati

Founder and CEO

Four Twenty Seven
Josh Sawislak

Strategic Advisor

Four Twenty Seven
Kevin Smith

Vice President

Goldman Sachs
Carmen Lacambra Segura

Partner and Founder

Grupo Laera
Nathanial Matthews

Program Director

Global Resilience Partnership
Swenja Surminski

Senior Research Fellow

Grantham Research Institute
Celeste Connors

Executive Director

Hawaii Green Growth
Vladimir Stenek

Senior Climate Change Specialist

Jane McDonald

Managing Director

Jo-Ellen Perry

Adaptation Lead for Resilience

Jay Koh

Managing Director

Lightsmith Group
Patrick Regan

Associate Director

Notre Dame Global Adaptation Initiative
Aris Papadopoulos

Founder of Resilient Action Fund

Resilience Action Fund, UNISDR-ARISE
Kevin Bush

Chief Resilience Officer

Washington D.C. Government
Miroslav Petkov (AREG Observer)


S&P Global
Richard J.T. Klein

Senior Research Fellow

Stockholm Environment Institute
Jenty Kirsch-Wood

Senior Technical Specialist - DRM and CCA

Peter Wheeler

Executive Vice President

The Nature Conservancy
Michael Cote

Project Director, Private Investment for Enhanced Resilience

Winrock International
Carlos Sanchez

Director, Climate Resilience Finance

Willis Towers Watson
Stephane Hallegatte

Lead Economist, GFDRR

World Bank
Moushumi Chaudhury,

Associate of Climate Resilience Practice

Niranjali Amerasinghe

Senior Associate of Sustainable Finance Center

Karl Mallon