Investing in resilience today to prepare for tomorrow’s climate change
By Leonardo Martinez-Diaz | March 4, 2018
Even as we redouble our efforts to cut greenhouse emissions, we must build resilience against the current and future impacts of climate change. The economic argument for investment in resilience has been well-established, and while financial resources have started flowing to this end, the latest studies suggest that the world is underinvesting in resilience by at least 70 percent. In addition, resources may not be going where they can best protect those who are disproportionately affected by climate-related shocks. While new sources and larger volumes of finance for adaptation are mobilized, decision-makers – particularly in developing countries – would be well advised to add to their toolkit insurance-linked social safety nets, better resilience metrics, and system-of-systems vulnerability assessments to get more bang for their scarce resilience bucks. Read this article in the March/April digital Journal.
Together, we make the world safer.
The Bulletin elevates expert voices above the noise. But as an independent nonprofit organization, our operations depend on the support of readers like you. Help us continue to deliver quality journalism that holds leaders accountable. Your support of our work at any level is important. In return, we promise our coverage will be understandable, influential, vigilant, solution-oriented, and fair-minded. Together we can make a difference.
Issue: Bulletin of the Atomic Scientists Volume 74 Issue 2
Keywords: adaptation, climate change, cost-benefit, finance, insurance, resilience
Topics: Uncategorized
Get alerts about this thread
0 Comments
Oldest
Leonardo Martinez-Diaz
Leonardo Martinez-Diaz is global director of the Sustainable Finance Center at the World Resources Institute, which produces research... Read More
