On 21 January, at 4.00 pm, IFAB will present the first of its projects: the European Extreme Events Climate Index, the result of the collaboration between CMCC, the Euro-Mediterranean Center on Climate Change, and Leithà, a company of the Unipol Group.
The event recording is available here 👉 https://fb.watch/3ah5kGnPFc/
The European Extreme Events Climate Index (E3CI) is an innovative operational service for weather induced hazard assessment and management, aimed to define a synthetic index that provides information about the areas affected by the severity of extreme climate events.
From a methodological perspective, the E3CI draws on the North American Actuaries Climate Index (ACI) addressing five main hazards: cold and heat stresses, droughts, extreme precipitations and winds. These indicators are identified and computed on a monthly basis so as to generate information on the occurrence and magnitude of weather-related hazards. Each component is relative to a monthly time reference. Furthermore, they are standardized with reference to a historical baseline given by the 1981-2010 period. The research group is working to consider also the impacts of sea level rise and coastal flooding and an indicator related to forest fire.
While possible applications of E3CI range in a wide area comprising both scientific and technical use cases, E3CI has been derived mainly to link the occurrences of relevant weather events to their impacts, particularly in terms of economic and insurance losses. As climate change continues to generate financial impacts individuals and businesses will require insurance policies tailored to these kinds of liabilities. The publication of a certified database that maps past extreme weather events can provide objective criteria with which to analyze the exposure of assets at risk. This will allow more effective insurance coverage, bringing benefits to both consumers and the insurance companies themselves.
Finally, E3CI can be adopted to pursue education and sustainability targets, as delivering awareness about climate change, support public decision making processes for sustainable development, provide an objective measure to monitor climate trends.
Data will be made available for free in two different formats: firstly, in a visual format that contains maps and synthetic graphs in an online dashboard hosted in a section of this website; and secondly, for expert users, raw data for specific months or Administrative Level Units can also be downloaded.