Climate change adaptation is expected to cost trillions, but can generate even greater ‘profit’

The investment of US$ 1,8 trillion over the next decade in measures to adapt to climate change can produce four times the net benefits, over US$ 7,1 trillion.

The conclusion comes from a cost-benefit analysis that sets out five adaptation strategies. The study was conducted by the Global Adaptation Commission – a group of 34 leaders in politics, business and science. They say the world urgently needs to become more “resilient to climate change”.

The commission, led by former UN Secretary-General Ban Ki-moon, World Bank chief executive Kristalina Georgieva and Microsoft co-founder Bill Gates, argues that rich countries have an urgent moral obligation to invest in adaptation measures that will benefit the world.

The study’s main goal is to put the climate crisis in every political agenda all over the world. And, to do this, establishes “concrete solutions” and an economic plan. According to the research, there are five topics that every country must invest over the next decade: warning systems (to predict events such as storms, high tides and other extreme climate conditions), infrastructure (better roads, buildings and bridges to adapt to climate change), better farming techniques, restore mangroves (to reduce coastal flooding) and protect water supply.