Norway has just updated its national climate knowledge base.

Klima i Norge 2025 - often referred to as KIN-2025 - is the country’s most comprehensive climate report to date, developed by the Norwegian Centre for Climate Services (NCCS), Meteorologisk institutt, and NVE.

Building on previous reports, Klima i Norge 2025 updates Norway’s national climate projections with the latest IPCC data - offering a sharper, region-by-region picture of how temperature, rainfall, and sea level are changing.

It’s the reference dataset government agencies, banks, and municipalities will now use to plan for the decades ahead - a kind of new baseline for what “normal” weather means in a changing climate.

For real estate owners, lenders, and municipalities, this isn’t just data - it redefines what safety, value, and resilience mean in practice.

The takeaway is clear: the climate risk we thought we understood no longer applies.

“It’s very much a story about water,” one researcher said at the launch.

“Too much in some places, too little in others - and almost never where or when we expect it.”

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From stable averages to shifting extremes

Norway’s risk management has long relied on stability - ten-year rainfall norms, average snow depths, predictable return periods.

Klima i Norge 2025 shows those averages are dissolving.

Precipitation has increased noticeably in several regions, especially along the west coast, and extreme rainfall events are becoming more frequent.

Landslides are hitting areas once thought safe, while snow cover is retreating north and uphill, and glaciers are shrinking.

Flood and drought are no longer opposites - they’re becoming two sides of the same instability.

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The new geography of exposure

The report redraws Norway’s physical risk map.

Coastal zones face rising seas and stronger storm surges.

Valleys and lowlands are seeing higher flood peaks and water-logged ground.

Mountain communities are losing their natural water storage as snow disappears earlier each spring.

At the same time, landslides are becoming more frequent - both in steep rural valleys and in urban areas such as Carl Berner and parts of Trøndelag,

where recent rainfall events have already triggered slope failures consistent with the risks described in the report.

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That reshuffling of exposure carries economic weight.

Insurance payouts for natural damage have climbed steadily over the past decade, and local governments warn that rebuilding in the same places again and again is unsustainable.

“We can’t call it resilience if we rebuild the same house three times in the same flood zone,” one planner said.

For asset owners and lenders, that means the real cost of location is changing - and so is the definition of value.

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Adaptation becomes the new mitigation

For years, climate policy focused on cutting emissions.

Klima i Norge 2025 shifts the conversation: even with strong mitigation, much of Norway’s future climate is already locked in.

The report calls for adaptation - planning, building, and investing for a wetter, wilder century.

Municipalities must integrate updated flood and landslide maps into zoning.

Infrastructure owners need to stress-test assets against extreme weather.

And financial institutions are expected to consider physical climate risk when assessing lending and solvency.

As one author put it: “Climate change is not a future scenario. It’s a financial variable.”

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Data, uncertainty, and the need for connection

The thread running through Klima i Norge 2025 is data - and the lack of connection between datasets.

Flood maps, landslide registers, and building-energy data all exist, but rarely talk to each other.

A bank might use flood projections from NVE, a municipality relies on NGI’s landslide models, and an asset owner tracks its own energy performance - none of it speaks the same language.

The report calls for a national framework to make climate data consistent, comparable, and decision-ready.

Without that, adaptation risks remaining an academic exercise.

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A new kind of risk literacy

Beyond the science, Klima i Norge 2025 signals a shift in mindset.

Weather statistics are becoming balance-sheet variables.

Climate literacy - once the domain of researchers - is turning into a professional skill for CFOs, risk teams, and city planners alike.

Understanding water risk is now part of understanding capital.

And that connection will define how well Norway adapts in the decades ahead.

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What we see at Telescope

At Telescope, working with banks, property owners, and public agencies, we see this new baseline taking shape in real time.

Climate volatility is increasing. The cost of inaction is compounding.

And the gap between available information and actionable insight is where real risk hides.

Our role is to close that gap - combining flood, landslide, and energy data into one coherent view so organisations can see exposure across assets and act before losses occur.

Because when we learn to price risk properly, we don’t just protect assets.

We protect the communities built around them.

That’s what Telescope builds for - the link between data, risk, and decision.

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