While world leaders continue wrestling to make progress against decarbonization and energy transition goals, climate-vulnerable populations in countries around the world are already grappling with the effects of climate change, including extreme weather and associated shocks and stresses.
As adaptation and resilience efforts continue to make their way toward center stage in climate change discussions, a new resilience-oriented economy is emerging with the development of new investment asset classes, innovative approaches to insurance, and technology-enabled climate information services. While efforts like the President’s Emergency Plan for Adaptation and Resilience (PREPARE), the Race to Resilience and the Sharm El-Sheikh Adaptation Agenda, and the Bridgetown Initiative all propel efforts to boost adaptation, public finance and leadership in this area may be on a trajectory to further mobilize much-needed private sector investments.
This event was an opportunity to better understand the financing and implementation challenges current adaptation efforts are facing, and how governments and international institutions are shifting their approaches to emphasize adaptation- and resilience-oriented investments.
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