Climate resilience is a strategic investment | Opinion | Eco-Business
For emerging markets and developing economies (EMDEs), investing in resilience is not a luxury; it is an imperative. Climate disasters and ecological degradation are impeding their economic prospects and straining their finances.
Perhaps more importantly, these shocks are exacerbating unsustainable debt burdens at a time when donor countries are slashing development aid, making it harder for EMDEs to finance investments in climate adaptation.
Over the past two decades, the 74 economies comprising the Climate Vulnerable Forum and the Vulnerable Group of Twenty have suffered more than US$525 billion in losses – equivalent to roughly 20 per cent of their collective GDP – due to climate shocks. This includes acute disasters like…
