RAMP Launches First Online Teacher Training on Climate-Related Macrofinancial Risks
The Resilience and Adaptation Mainstreaming Program (RAMP) convened its first online teacher training course on Understanding Climate-related Macrofinancial Risks.
Delivered by Dr Jonathan Acosta Smith and held in two batches due to high demand, from 14 to 27 August and 22 September to 23 October, the course brought together a diverse group of 70 participants for three sessions of intensive learning and exchange on the need to understand climate-related macrofinancial risks. This included covering topics such as macrofinancial dynamics from the transition, the impact of climate change on sovereign risk and the financial sector, micro and macroprudential approaches, and climate scenario analysis and climate stress testing.
A variety of participants attended the teacher trainings, with great enthusiasm, from across the full spectrum of the University Network. The course materials are designed to be used in future practitioner trainings, so they are tailored to the needs of ministry officials from the Global South. These teacher trainings are a key part to the RAMP approach so that going forward university network members are able to co-deliver material, with the help of additional training sessions, to a practitioner audience that includes officials from the various ministries of their country.
This is a fundamental part of the RAMP approach: strengthening and supporting university partners to collectively build long-term capacity in central ministries responsible for financing, planning and implementing suitable macro-level adaptation actions. It is part of RAMP’s effort to help mainstream climate adaptation into the core capacities and operations of central ministries, supporting governments to align and effectively pursue their adaptation and development priorities, as well as access adaptation finance.
The RAMP University Network is a key part of the Resilience Adaptation Mainstreaming Program (RAMP), which was conceived and established jointly by the World Resources Institute and the SOAS Centre for Sustainable Finance. The objective of RAMP is to accelerate climate adaptation in developing countries by building capacity in ministries of finance, planning and economics, to understand, plan for, and finance climate adaptation actions.
Header image credit: Gildardo RH via Unsplash.
