New tools such as sustainability investment criteria, climate-related disclosure principles and mainstreaming of climate risks into investment decisions can stimulate investments in climate resilience.
The report urges all nations to pursue the efforts outlined, which call for green pandemic recovery and updated Nationally Determined Contributions that include new net-zero commitments.
Adaption – reducing communities’ and countries’ vulnerability to climate change by improving their ability to absorb impacts – is a key pillar of the Paris Agreement on Climate Change.
The agreement requires its signatories to implement adaption measures through national plans, climate information systems, early warning, protective measures and investments in a green future.
The world must plan for, finance and implement climate change adaptation to support those nations least responsible for climate change but most at risk.
While the COVID-19 pandemic is predicted to hit countries' ability to adapt to climate change, investing in adaptation is still a sound economic decision.
Headline photo by Aleksandar Pasaric from Pexels