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'Investment of 1.6 trillion euros needed in the fight against climate change'

2019-09-10T05:59:16.679Z

To protect vulnerable areas worldwide against extreme weather, an investment of more than 1.6 trillion euros is needed. If investments are not made in 2030, more than one hundred million people may fall below the poverty line due to the enormous damage caused by climate change. The Global Commission on Adaptation organization draws those conclusions in a report that will be published on Tuesday.



To protect vulnerable areas worldwide against extreme weather, an investment of more than 1.6 trillion euros is needed. If investments are not made in 2030, more than one hundred million people may fall below the poverty line due to the enormous damage caused by climate change. The Global Commission on Adaptation organization draws those conclusions in a report that will be published on Tuesday.

The extreme weather would cause more and more victims worldwide every year. Heat, drought and flooding are affecting many countries, flooding alone would result in $ 73 billion - equivalent to $ 66 billion - of damage annually.

The organization based in the Netherlands therefore calls for more investment in an environment and infrastructure that is "better prepared for weather extremes". The interventions would ultimately yield a lot of money, since in the long term the damage caused by flooding will be prevented. In total, the mega-investment would yield 6.3 trillion euros in savings.

The global committee includes former Secretary-General of the United Nations Ban Ki-moon, co-founder of Microsoft Bill Gates and the top woman of the world bank Kristalina Georgieva.

"Countries must prepare for weather changes that will come in any case"

According to Minister Cora Van Nieuwenhuizen, who is also the initiator of the Global Commission, it is "important that countries not only tackle their greenhouse gas emissions, but also prepare better for changes that will occur anyway".

To the NOS , Van Nieuwenhuizen says that the extreme showers that should only fall in 2050 are already doing that. "That nuisance must be tackled," the minister said.

On Tuesday it was also announced that a climate summit will be held on 22 October 2020 in Amsterdam, to which five hundred to one thousand world leaders and experts from around the world will be invited.

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Source: nunl

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