Investing in climate change, according to one study, is not only required, but also lucrative. This is the conclusion of a paper from the Global Commission on Adaptation, which is supported by former UN Secretary General Ban Ki Moon, World Bank chief Kristalina Georgieva, billionaire Bill Gates and German Development Minister Gerd Müller (CSU).
It is estimated that "investment of $ 1.9 trillion in climatic resilience will generate a net profit of $ 7 trillion by 2030," Ban said. The aim of the study is to protect the economy from losses due to climate change and at the same time to show economic opportunities. These include, for example, improved early warning systems for more frequent natural disasters, drought-resistant crops or better flood protection.
Economic adjustment to the climate crisis ultimately saves people, said Ban Ki Moon. "Climate change could push more than 100 million people in developing countries below the poverty line," he warned. The report also states that there is a risk of water scarcity, significant losses in agriculture and the relocation of hundreds of millions of people on the coast due to rising sea levels. The latter alone could lead to costs of more than a trillion dollars by 2050, according to the paper.
At the same time, the authors of the study criticize the fact that the adaptation has so far hardly been successful on a large scale. For the most part, the economy is insufficiently prepared for the new conditions. And even though the climate crisis has long since arrived at our doorstep: "Forest fires devastate sensitive habitats, no more water comes from taps in cities, droughts dry up the land and floods destroy people's homes and livelihoods".
The Global Commission for Adaptation involves 20 countries, including Germany. It aims to raise awareness of the consequences of climate change and possible protective measures. Her report was published just two weeks before the UN climate summit in New York, to which UN Secretary-General Antonio Guterres invited.