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Staying safe from climate risks makes financial sense, says new commission
(Eco Business, 17 Oct 2018) The economics of climate action is clear, and this requires the world to urgently fight climate change by investing to prepare for its accelerating impacts, experts say.
From irrigating crops with less water to revising building codes to help new infrastructure weather floods and storms, the world needs to invest more in preparing for the accelerating impacts of climate change, experts said on Tuesday.
Adjusting to a warmer world will require strong political leadership, new sources of funding and a push to expand what works—but it will end up saving cash, top officials said as they launched a Global Commission on Adaptation in The Hague.
“Knowledge is still not being put into practice quickly enough, and knowledge is not shared,” Kristalina Georgieva, CEO of the World Bank, told journalists.
“Decisions are still being made with short-term and not long-term risks in mind,” she warned.
If that continues, it could push more of the world’s poorest—from Africa’s Sahel to low-lying island nations—back into extreme poverty, she said.
Eco Business, 17 Oct 2018: Staying safe from climate risks makes financial sense, says new commission
