A report from the Economics of Climate Adaptation Working Group released today indicates that climate risks could cost nations up to 19% of their GDP by 2030, with developing countries most vulnerable. The report concludes, however, that cost effective adaptation measures already exist that can prevent between 40 and 68 percent of the expected economic loss with even higher levels of prevention possible in highly target geographies. [emphasis mine]The report is authored by McKinsey and a group of business and non-profit sponsors. The headline numbers are interesting, and I will be interested to see how various constituencies react.
A strategy consultant tries to piece together, bit by bit, how humankind has used natural resources and how we might and should use them in the future. Some scope creep is inevitable.
Cost of climate change and adaptation
Via Climate Progress, a new report has sized both the risks posed by climate change and the costs and benefits of effective adaptation.
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