Global Leaders Call for Urgent Action on Climate Adaptation; Commission Finds Adaptation Can Deliver $7.1 Trillion in Benefits
A new Global Commission on Adaptation report finds that investing $1.8 trillion globally from 2020 to 2030 in five areas could yield $7.1 trillion in net benefits. Leaders from the Global Commission on Adaptation call on governments and businesses to take urgent action to innovate and advance climate adaptation solutions in light of new research findings. The Commission is led by Ban Ki-moon, 8th Secretary General of the United Nations, Bill Gates, Co-chair of the Bill and Melinda Gates Foundation, and Kristalina Georgieva*, CEO of the World Bank.
The report is being released as climate impacts – such as super-charged hurricanes, floods, and wildfires – are becoming an increasingly urgent reality. As recent events have shown, climate change affects people everywhere. Furthermore, without action, millions of people will be pushed further into poverty, leading to increased conflict and instability.
The report puts forward a bold vision for how to transform key economics systems to be more resilient and productive. The Commission finds that adaptation can produce significant economic returns: the overall rate of return on investments in improved resilience is high, with benefit-cost ratios ranging from 2:1 to 10:1, and in some cases even higher.
Specifically, the analysis finds that investing $1.8 trillion globally in five areas from 2020 to 2030 could generate $7.1 trillion in total net benefits. The five areas the report considers are early warning systems, climate-resilient infrastructure, improved dryland agriculture, mangrove protection, and investments in making water resources more resilient. These areas represent only a portion of the total investments needed and total benefits available.
Climate adaptation can also deliver a “triple dividend”— it avoids future losses, generates positive economic gains through innovation, and delivers additional social and environmental benefits.
The report calls for adaptation that addresses underlying inequalities in society and brings more people, especially people most vulnerable to climate impacts, into decision making. The reality is that those most affected by climate change did the least to cause the problem – making adaptation a human imperative.
Ban Ki-moon, 8th Secretary-General of the United Nations and Chair of the Global Commission on Adaptation, commenting on the report’s findings, said:
“Climate change doesn’t respect borders: it’s an international problem that can only be solved with co-operation and collaboration, across borders and worldwide. It is becoming increasingly clear that in many parts of the world, our climate has already changed and we need to adapt with it. Mitigation and adaptation go hand-in-hand as two equally important building blocks of the Paris Climate Change Agreement. Adaptation is not only the right thing to do, it is also the smart thing to do to boost economic growth and create a climate resilient world.”
Bill Gates, Co-chair of the Bill and Melinda Gates Foundation and Co-chair of the Global Commission on Adaptation, said:
“People everywhere are experiencing the devasting impacts of climate change. Those most impacted are the millions of smallholder farmers and their families in developing countries, who are struggling with poverty and hunger due to low crop yields caused by extreme changes in temperature and rainfall. With greater support for innovation, we can unlock new opportunities and spur change across the global ecosystem. Adaptation is an urgent issue that needs support from governments and businesses to ensure those most at risk have the opportunity to thrive.”
Axel van Trotsenburg, Acting CEO of the World Bank, said:
“Climate change threatens homes, lives, and livelihoods everywhere, but it is the poorest who are often hit hardest because they lack the resources to cope. Without urgent action to respond to the ravages of climate change, millions more people could be plunged into poverty. The World Bank is increasing investment in adaptation because the evidence shows that resilient buildings, infrastructure, and public services are good for communities, business and the sustained growth of the entire economy.”
The report was launched with events in over 10 capitals and cities around the world, including: Majuro, Marshall Islands; Beijing, China; New Delhi, India; Geneva, Switzerland; Mexico City, Mexico; Ottawa, Canada; Wainibuka, Fiji; Washington DC, United States; and more. These events and a new social media campaign – #AdaptOurWorld – are aimed to demonstrate the strong demand for adaptation around the world.
The Commission’s report highlights many economic, social and environmental benefits of adaptation. For example:
- Restoring mangrove forests, in places like Thailand, India and the Philippines, protects coastal communities from deadly storm surges while providing critical habitat to local fisheries, boosting the regions’ prosperity.
- The Netherlands “Room for the River” strategy moved dikes inland, widened rivers and created water-absorbing plazas. These projects manage and slow floodwaters, while providing innovative public use spaces and revitalizing neighbourhoods.
- In Zimbabwe, farmers using drought-tolerant maize were able to harvest up to 600 kilograms more maize per hectare than with conventional maize. The additional harvest was enough to feed a family of six for nine months and provided US $240 in extra income, helping them send their children to school and meet other household needs.
- Reducing flood risks in urban areas lowers financial costs, increases security, and makes investments that would otherwise be too vulnerable to climate risks more viable. London’s Canary Wharf and other developments in East London would have been impossible without flood protection from the Thames Barrier.
The report calls for revolutions in three areas—understanding, planning and finance—in order to ensure that climate impacts, risks and solutions are factoring into decision making at all levels. The report explores how these major changes can be applied across seven interlocking systems: food, natural environment, water, cities, infrastructures, disaster risk management, and finance.
The Commission will make several announcements and unveil additional actions at the UN Climate Summit in September 2019. These Action Tracks, which are outlined in the report, cover areas such as food security, resilience, disaster risk management, and finance.
The Commission will also announce the start of the Year of Action, at an event hosted by the Dutch Government, at the UN Headquarters, on September 24, 2019. The Year of Action will build on the report’s recommendations to mobilize action on climate change to be featured at the Climate Adaptation Summit in October 2020 in The Netherlands.
- Note: Kristalina Georgieva is currently on a leave of absence as CEO of the World Bank following her nomination as a candidate for the role of managing director of the International Monetary Fund.
Read the full report: gca.org/global-commission-on-adaptation/adapt-our-world
About the Global Commission on Adaptation
The Global Commission on Adaptation aims to inspire heads of state, government officials, community leaders, business executives, investors and other international actors to prepare for and respond to the disruptive effects of climate change with urgency, determination and foresight. By accelerating climate adaptation, we can ensure that people benefit from cost-effective options, reduce risks, and come out stronger. Composed of 34 Commissioners and convened by 20 countries, the Global Commission on Adaptation brings together leaders from political, business, multilateral, and scientific worlds to identify solutions and drive action.
The Commission is led by Ban Ki-moon, Bill Gates and Kristalina Georgieva. It is co-managed by the Global Center on Adaptation and World Resources Institute.