Spatial finance: Challenges and opportunities in a changing world

Patterson, David J.; Ariel, Yotam; Burks, Beth; Gratcheva, Ekaterina M.; Hosking, J. Scott ORCID: https://orcid.org/0000-0002-3646-3504; Klein, Noémie; Protopopova, Lioubov; Ruiz, Efrain Eduardo Tamayo; Schmitt, Susanne; Shackelton, Bobby; Wang, Dieter; Wuebbles, Donald J.. 2020 Spatial finance: Challenges and opportunities in a changing world. Washington, DC, World Bank, 66pp. (Equitable Growth, Finance and Institutions Insight)

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Abstract/Summary

If financial markets are to realign towards truly sustainable development the financial sector needs to differentiate commercial actors more accurately on their climate and environmental performance. A potential breakthrough to help in this challenge is the emerging field of ‘Spatial Finance’, the independent assessment of the location of a company’s or a country’s assets and infrastructure using ground data, remote sensing observations and modelled insights, offers a potentially transformative means to gain improved quantitative ESG insights. Rapid development is required if spatial finance is to deliver in the short term. In this report, authors outline a possible taxonomy and hierarchy for spatial finance, showing how discrete forms of technology, approaches and data can be considered within a single consistent framework. Using this framework, spatial finance could provide insights at differing scales for different applications from the asset-scale for project finance, to company-scale for investment, to country scale for sovereign debt. Throughout the document authors provide insights into current cutting-edge developments within the field, illustrated with case studies from practitioners and data providers, and explore potential future developments.