Investing in climate resilience is smart investment and smart development. It is not about avoiding losses – rather, it will drive future prosperity, growth, and competitiveness – especially because resiliency enables risk taking and innovation.
A new report by Systemiq Ltd. in collaboration with over 20 partners, launched at The World Bank Annual Meetings, reveals that investments in adaptation deliver 4 times more benefits than costs, with an average annual return of 25%. The global adaptation market could reach $1.3 trillion by 2030 and generate over 280 million jobs across emerging markets by 2035.
Yet, it is among the most undervalued investment classes. For every $1 spent on resilient infrastructure, $87 continues to go into assets that ignore climate and nature risks.
As the world prepares for #COP30, governments, businesses, and investors must channel capital toward solutions that secure prosperity by building resilience and enabling risk taking and innovation. The actionable pathways are clear and include, among others, increasing the provision of insurance and pre-arranged financing, financial inclusion, and adaptive social protection.
Agriculture in Africa Media LBG
Email: Newswire@agricinafrica.com
Comments
Post a Comment