CORVI

Data-driven climate resilience

A decision support tool for leaders who need to make smart climate investments to improve the safety and security of coastal cities and island states
CORVI

Applications

Faced with limited financial resources, governments, financial institutions, and the insurance industry need tools which help them incorporate climate risk and its uncertainties into future planning decisions. CORVI does this by providing decision makers with a detailed risk assessment on the climate vulnerabilities facing coastal cities and island states. Our partners can use this information to make smart investment decisions and implement the most urgent actions needed to address the climate crisis facing coastal cities and island states.

City & National Governments

Governments can use CORVI to build a comprehensive coastal city and island state risk assessment to effectively identify which industries, infrastructure, and geographic areas are the most vulnerable.

Fill data gaps to provide a contextual and data-driven evaluation of resilience in their cities
Pinpoint and prioritize concrete, recommendations to mitigate high-impact risks
Aid in the design of integrated urban-ocean planning, including nature-based solutions
Attract international funding to build resilience
“Basseterre is a coastal city, and like other cities in Small Island Developing States, we are all too familiar with the significant climate threats, including tropical storms, coastal erosions, sea level rise and other climate vulnerabilities that threaten our economic sectors like tourism, fisheries and manufacturing. CORVI will help us to identify where and how to prioritize our interventions and attract investment to protect our people and natural environment."
Sharon RattanPermanent Secretary, Ministry of Environment and Cooperatives, Government of St. Kitts and Nevis

Public & Private Investors

Regional development banks, international funders, overseas aid agencies, and other investors can use CORVI to build capacity, understand future climate and ocean risks, and identify key areas which warrant investment.

Understand interrelated climate risks in coastal cities and island states by providing them with data-driven climate assessments
Build capacity with on-the-ground partners to measure and assess climate risks, and identify priority recommendations
Ensure limited resources are being used effectively and wisely to build resilience against climate and ocean risks in coastal cities and island states
"Bloomberg Philanthropies relies on data to identify problems and target solutions. CORVI does just that by providing policy-makers with the framework they need to evaluate the risks faced by coastal communities and quantify the contribution of marine resources. The Vibrant Oceans Initiative is proud to support this approach so that governments can make more informed decisions, prioritize investments and build resilient coastal cities in the context of climate change."
Antha WilliamsGlobal Head of Environment Program, Bloomberg Philanthropies

Insurance Industry

The insurance industry can use CORVI to improve asset pricing and risk transfer, and drive resilience by enabling investment in the most vulnerable areas.

Improve their understanding of how non-financial risks impact financial risk
Integrate nature-based solutions into coastal city and island state risk analysis
Demonstrate the need for improved resilience in critical coastal urban centers
"CORVI will help us develop an even greater understanding of the factors contributing to coastal cities’ vulnerabilities and demonstrate where there is a need for increased resilience. We’re pleased to have supported the Stimson Center in this important work."
Andrew MacFarlaneAXA XL Insurance, Reinsurance, Head of Climate

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