Climate change is one of the most dominant risks in the modern world since it is threating the development gains and multiplies the risks people are exposed to by altering natural disaster patterns or climatic conditions which the societies and economies are used to. To limit climate change and manage the risks it poses, societies and economies needs to adapt to the changes it brings along and eliminate the reasons, i.e. reducing the greenhouse gas emissions, that causes it.

Even though climate change is a global problem, impacts felt mostly at local level at varying severity. Therefore, adaptation measures need to focus on local circumstances and requires local measures. In this context, our expertise encompass:

• Enhancing the perception of risks among society from local to national levels
• Conducting impact and vulnerability assessments
• Developing plans, programs and measures to increase the resilience of settlements and nature
• Planning of climate change adaptation investments

As regards to eliminating the root causes of climate change, reduction of emissions are elemental in mitigation of climate change. Along with technological solutions, implementing structural and financial measures which supports green transformation are crucial. Carbon pricing initiatives like emission trading systems or carbon taxes are being applied by many regions and countries. In this context our expertise include:

• Studies on carbon pricing and development of carbon markets
• Developing institutional strategies and policies for emission reduction
• Integrating climate change related issues and risks into investment planning
• Identifying cost-efficient solutions for emission reduction

As a global threat, limiting climate change requires adopting global multi-lateral agreements as in the case of Paris Agreement and taking measures beyond national borders like international carbon trading. Sustainable energy initiatives, sustainable finance and sustainable investments along with international carbon markets are developing rapidly. However accelerated climate action is still required to reach Paris Agreement goals. Policies like Carbon Border Adjustment Mechanism (CBAM) of the European Union (EU), which is likely be replicated by other countries and will expand in the near future, are other kind of climate action policies where, in basic theory, helping to raise climate action ambition globally through channels of international trade fluxes.

Our expertise on climate change also encompass to address the challenges for such international trade requirements. With this know-how, we can facilitate access to carbon markets and readiness to the Paris Agreement’s Article-6 financing mechanism in the near future.