The Global Commission on Adaptation (GCA) has published a report calling on governments and businesses to take action to innovate and advance climate adaptation solutions based on new research findings. The report explains that climate adaptation can deliver a “triple dividend” by avoiding future losses, generating positive economic gains through innovation, and delivering additional social and environmental benefits.
The report titled, ‘Adapt Now: A Global Call for Leadership on Climate Resilience,’ finds that adaptation can lead to significant economic returns and that investing USD 1.8 trillion globally from 2020 to 2030 in five climate adaptation areas could result in USD 7.1 trillion in net benefits. The five areas – early warning systems, climate-resilient infrastructure, improved dryland agriculture, mangrove protection and investments in increasing water resource resilience – represent only a portion of total investments needed and total benefits available.