The Coalition will be officially launched at the United Nations Climate Action Summit in New York on the 23 rd of September 2019 in a panel entitled Towards a Resilient Future. In this context, the Coalition for Climate Resilient Investment's focus on integrating climate risks into decision-making will help finance the infrastructure investment needed to build an economy more resilient to climate change.” Advances in reporting and risk analysis are paving the way for investors to realize the opportunities in climate-friendly investment by re-orienting their focus to more sustainable long-term value creation. “Achieving the transition to a carbon neutral future will require mobilizing mainstream private finance. The Coalition will develop a common approach to assessing climate risks, which will enable them to ensure all their investments are resilient, and will unlock additional private finance for resilient infrastructure investment. The Global Commission on Adaptation is proud to be part of it.” This dynamic new coalition will help make climate risks visible, leading to better decisions and smarter investments for the future. It also saves lives, reduces risks, and encourages further investment. In reality, it’s a high return investment, yielding on average a 4-to-1 return. “Making infrastructure resilient to climate change has been regarded for too long as a burden and a cost. Providing a methodology to quantify the economic and financial benefits will provide a substantial and critical incentive for financial markets to embed resilience upfront.Īndrew Steer, President and CEO of the World Resources Institute, and Commissioner of the Global Commission on Adaptation Properly pricing climate risk in financial decision-making will align investment flows towards infrastructure capable of withstanding a changing climate. Infrastructure enables the flow of goods, services and people which allow societies to thrive. This will enable us to better address these risks, preventing future human and financial disasters. There is a crucial need to develop new sources of data and analytical tools to better understand the risks posed by climate change to our societies and economies. Pricing the risks posed by climate change will create opportunities to build a network of resilient infrastructure in high, medium and low-income countries, enabling us to better prevent future human and financial disasters.” The conditions for success are ripe, the coalition will be able to harness a unique combination of the rapid advancement of climate risk analytics coupled with ambitious regulatory and investor-led initiatives. “This new coalition realizes that current efforts to adapt to physical climate risks and deliver resilience for exposed communities and assets across the globe are severely lacking and need to be addressed urgently. Chaired by the CEO of Willis Towers Watson John Haley, the coalition aims to transform infrastructure investment by integrating climate risks into decision-making, driving a shift toward a more climate resilient economy for all countries, including the most vulnerable. The Coalition is the first of its kind, as a financial-sector led initiative, that brings together over 30 organisations across the investment value chain to address climate resilience challenges. Extreme weather poses an existential threat to the world`s most vulnerable nations, but also to the world’s most advanced economies’ critical infrastructure. In a warming and unstable climate, these events are more likely to occur and will gain in power. Recently Hurricane Dorian has reminded us of the destructive power of weather systems. 23, 2019 (GLOBE NEWSWIRE) - Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, along with the Government of the United Kingdom, the Government of Jamaica, the Global Commission on Adaptation and the World Economic Forum, today announced the launch of a private-sector led Coalition for Climate Resilient Investment.Ĭlimate change will impact on all aspects of society and will pose the biggest challenges to the world’s most vulnerable.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |