ClimateSET is not a public tool yet. When it is released, the question it is built to answer is whether an asset sits inside a coarse climate-hazard screen for finance — not what the loss would be, and not the insurance terms.
EIB ClimateSET, When It Is Released: A Coarse Climate-Hazard Screen for Finance
EIB ClimateSET, When It Is Released: A Coarse Climate-Hazard Screen for Finance
The question ClimateSET is meant to answer, once you can open it, is: does this asset sit inside a coarse climate-hazard screen for finance?
It will not answer the vulnerability curve, the loss, or the insurance terms.
There is no public ClimateSET address yet. This note is about what has been published, not about a tool you can log into.
What has been published
In COM(2026) 720 of 27 October 2026, the Commission says new European Investment Bank tools will support screening of assets and investments for climate risks, wider use of the EU Taxonomy’s adaptation criteria, and access to adaptation finance. One of those tools is the forthcoming open-access Climate Hazard Screening and Exploring Tool (ClimateSET). The Communication says it draws on “CS3” data. In context that is the Copernicus Climate Change Service (C3S); the same paragraph is not a user manual. Alongside ClimateSET, the Commission names the EIB Group Green Checker, with new adaptation modules.
ClimateSET was not one of the three tools launched that day. Those were the European Climate Viewer, the EEA Navigator, and the Mission Solutions Explorer.
The Viewer’s about page is more specific about who built the screen: ClimateSET was developed by ECMWF in partnership with the EIB, and the Viewer uses the same underlying climate-hazard data and modelling framework. Sharing that framework means the two tools should not contradict each other on the hazard. It does not mean ClimateSET is already public, and it does not mean either tool prices a loss.
A 2026 design abstract for a “C3S Climate Hazard Screening and Exploration Tool” describes the intended use in the same terms: screen several climate hazards at project locations, and flag where the climate signal means adaptation planning or a further risk assessment is needed. That is a conference abstract about the design problem, not a release note. We are not treating it as the product specification.
What not to expect
When a link does appear, a screen of this kind is still not:
- a vulnerability curve for the asset
- a damage or loss figure
- insurance terms, deductibles, or an insurability opinion
- a residual-risk statement after a measure
- a substitute for the Taxonomy’s own technical screening criteria
The Commission’s point is narrower. Public finance is meant to help private capital find resilience investments, and a common hazard screen is one of the tools for that. Flagging a location is the start of a credit or investment file, not the file.
EIOPA’s work on catastrophe insurability, including the planned Observatory and the further development of PROTECT, is a different track. Do not read ClimateSET as the insurance tool.
Where to go next
Until ClimateSET is released, the public hazard picture for a region is the Viewer. The Navigator tells you which assessed tool covers the hazard and sector. The Solutions Explorer tells you what other places tried and how they resourced it. None of the three is the financial screen, and the financial screen will not replace them.
The set is summarised in EU climate resilience tools and enterprise data. If a lender or an investment committee needs the step after a flag — exposure, a measure, and residual risk — that is EU Climate Resilience Framework readiness, not a wait for the EIB URL.
Sources
- European Commission, COM(2026) 720, finance section, 27 October 2026
- European Climate Viewer, About the tool
- Visualising Climate 2026, book of abstracts, “A design system built for fast decision-making: Lessons from C3S Climate hazard screening and exploring tool”