To Meet The Crisis
Global Leaders Call for Urgent Action on Climate Adaptation; Commission Finds Adaptation Can Deliver $7.1 Trillion in Benefits
September 10, 2019 (Global Commission on Adaptation)
“…[The] Global Commission on Adaptation report, finds that investing $1.8 trillion globally from 2020 to 2030 in five areas could yield $7.1 trillion in net benefits…The Commission is led by Ban Ki-moon, 8th Secretary General of the United Nations, Bill Gates, Co-chair of the Bill and Melinda Gates Foundation, and Kristalina Georgieva, CEO of the World Bank…[C]limate impacts – such as super-charged hurricanes, floods, and wildfires – are becoming an increasingly urgent reality…[W]ithout action, millions of people will be pushed further into poverty, leading to increased conflict and instability…
The report puts forward a bold vision for how to transform key systems to be more resilient and productive…[Adaptation in five areas] can produce significant economic returns…with benefit-cost ratios ranging from 2:1 to 10:1, and in some cases even higher…The five areas the report considers are early warning systems, climate-resilient infrastructure, improved dryland agriculture, mangrove protection, and investments in making water resources more resilient. These areas represent only a portion of the total investments needed and total benefits available…Climate adaptation can also deliver a “triple dividend”— it avoids future losses, generates positive economic gains through innovation, and delivers additional social and environmental benefits…” click here for more
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