Investing in climate adaptation can spur trillions in benefits: report

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Investing in climate adaptation can spur trillions in benefits: report
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Investing $1.8 trillion between 2020 and 2030 in projects to help communities ad...

FILE PHOTO: Two new icebergs are seen after breaking off from the Grey glacier in Patagonia, Chile March 9, 2019. Ricardo Jana/Courtesy of Chilean Antarctic Institute /Handout via REUTERS

The report was written by the Global Commission on Adaptation - a group of political and business leaders led by former U.N. Secretary General Ban Ki-moon, Microsoft founder Bill Gates and World Bank CEO Kristalina Georgieva, which was tasked with “raising the visibility of climate adaptation on the global agenda” ahead of the upcoming UN Climate Action Summit in New York on Sept. 23.

“Adaptation is not only the right thing to do, it is also the smart thing to do to boost economic growth and create a climate resilient world,” Ban said in a statement. Gates, who chairs the international development-focused Gates Foundation with his wife Melinda, said millions of smallholder farmers and their families in developing countries are among the most vulnerable to extreme changes in temperature and rainfall which lowers their crop yields.

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