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'Investment of 1.6 trillion euros needed to combat climate damage'

2019-09-10T06:48:02.401Z

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 100 million people will fall below the poverty line due to the enormous damage caused by climate change. The Global Commission on Adaptation (GCA) 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 100 million people will fall below the poverty line due to the enormous damage caused by climate change. The Global Commission on Adaptation (GCA) organization draws those conclusions in a report that will be published on Tuesday.

The extreme weather would cause more and more casualties every year. Heat, drought and flooding affect many countries; Floods alone would result in $ 73 billion annually - equivalent to $ 66 billion - of damage.

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 considerable amount of money, as the damage currently caused by flooding is prevented in the long term. In total, the mega-investment would yield 6.3 trillion euros in savings.

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

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

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

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

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GCA shares knowledge about rising sea levels

The Global Commission on Adaptation is an international partnership of people with various expertise who share knowledge about water management and rising sea levels. The committee is an initiative of the Dutch government and was initiated in 2017 during a climate conference in Bonn.

The GCA has the support of countries such as China, Canada, the United Kingdom and countries directly affected by rising sea levels, such as Bangladesh and the Marshall Islands, and is led by former UN Secretary-General Ban Ki-moon, along with Bill Gates from the Bill & Melinda Gates Foundation and World Bank Director Kristalina Georgieva.

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Source: nunl

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