The Risk Stress Test (RiST) tool is an Excel-based tool developed to help conduct the stress testing analysis described in the methodological note Integrating Climate Change and Natural Disasters in the Economic Analysis of Projects: A disaster and climate risk stress methodology. The RiST tool has been designed to highlight risks to project outcomes over long time horizons, accounting for risks along three dimensions:
- Changes in average climate conditions
- Impacts from natural disasters, with current frequency and intensity
- Changes in the frequency of natural disasters due to changes in average climate conditions
The RiST methodology is linked to the World Bank’s Resilience Rating System (RRS) and provides an approach to obtain an A rating for resilience of a project, the first of two dimensions covered by the RRS.
Training Videos
These training videos provide a step-by-step breakdown of how to apply the RiST tool for incorporating climate and disaster risks in a project’s economic analysis.
- Project timeline and baseline scenario
- Changes in average climate conditions
- Natural disasters with current frequency and intensity
- Changes in the frequency of natural disasters
- Results of the stress testing
Excel Files
Four examples of applying the RiST tool to energy, transport, agriculture, and water sector projects can be found in Appendices C–F in the methodological note. The RiST tool Excel files for each of the case studies are available here:
- Case Study: Zambia-Tanzania Interconnector Project
- Case Study: Water Security in the Dry Corridor of Honduras Project
- Case Study: Meghalaya Integrated Transport Project
- Case Study: Agricultural Technology and Agribusiness Advisory Services Project
Reports
 | Integrating Climate Change and Natural Disasters in the Economic Analysis of Projects |
 | Resilience Rating System |
Disclaimer
The Risk Stress Testing Methodology and associated RiST Tool can help identify potential climate and disaster risks to a project and inform decision makers on project robustness. However, findings, interpretations, and conclusions derived from applying this Methodology or Tool should not be attributed to the World Bank, its affiliated institutions, the Executive Directors of the World Bank or the governments they represent. Use of this tool is at the user's own risk and under no circumstances shall the World Bank be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to result from the use of this Methodology/Tool.