DW-World must invest $1.8 trillion to take on climate change — report
A global commission — which includes billionaire Bill Gates and former UN chief Ban Ki-moon — has called on nations to invest now to protect against the effects of climate change.
Microsoft co-founder Bill Gates and Ban Ki-moon who is speaking at the launch of a report on climate change by the Global Commission on Adaptation.
A group of influential leaders on Tuesday issued a warning that the planet would pay a "heavy price" unless countries immediately invested to protect against destructive climate change.
The Global Commission on Adaptation — which boasts Microsoft billionaire Bill Gates, former UN chief Ban Ki-moon and Kristalina Georgieva as part of its team — suggested in a report that an investment of $1.8 trillion (€1.6 trillion) across five key areas over the next decade would yield a return of $7.1 trillion in economic benefits.
Its 81-page report suggested urgent investment was required to pay for early warning systems, climate-resilient infrastructure and water resources, dryland agriculture and mangrove protection.
The group had been tasked with "raising the visibility of climate adaptation on the global agenda" ahead of the upcoming UN Climate Action Summit in New York on September 23.
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Germany's Adaptation Strategy and Action Plan and Climate Preparedness Portal were hailed in the report as good examples of national action "that strengthens local capacity and provides climate services in a demand-responsive way."
The German state of Hesse was also applauded for its creation of a quality "climate adapted" seal to ensure standards of "climate-fit" nursing care. The city of Kassel was praised for its heat warning hotlines — which alert elderly residents to incoming heat waves — and tips to stay cool.
Adapting to environmental threats
The report also cited examples from the Netherlands, Bangladesh and the UK that they said have helped save lives or protect valuable land.
"If we do not act now, climate change will supercharge the global gap between the haves and have-nots," said Ban.
He cited Bangladesh's response to two devastating cyclones as a good example of the way countries can adapt to environmental threats.
Rwanda and Republic of Congo receive project funding approved during Adaptation Fund Board meeting - Adaptation Fund Board Approves US$ 63 Million in New Projects, Including First Innovation and Scale-Up Grants
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