World Bank warns annual climate adaptation bill to hit $100bn

clock • 3 min read

Study argues investing now in climate adaptation will prove more cost effective than waiting to respond to increased climate risks

The annual cost of adapting to climate change in developing economies will reach between $75bn and $100bn over the next 40 years, according to preliminary findings from a major new study by the World Bank....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

Arsenal's net zero goal approved by SBTi

Arsenal's net zero goal approved by SBTi

Validation of pledge to hit net zero by 2040 makes Arsenal the only football team in the world to have an SBTi-approved target, club claims

Stuart Stone
clock 14 November 2024 • 4 min read
COP29: UN chief urges all businesses to produce net zero transition plans within a year

COP29: UN chief urges all businesses to produce net zero transition plans within a year

Antonio Guterres reiterates call for companies, financial firms, cities, and regions to develop credible, 1.5C-aligned transition plans ahead of COP30 Climate Summit next year in Brazil

Michael Holder in Baku
clock 14 November 2024 • 5 min read
Global Carbon Budget: 50 per cent chance warming could consistently exceed 1.5C in 'about six years'

Global Carbon Budget: 50 per cent chance warming could consistently exceed 1.5C in 'about six years'

Stark update warns there is still 'no sign' the world has reached peak carbon emissions, meaning the Paris Agreement's 1.5C target could be consistently breached within a decade

Stuart Stone
clock 13 November 2024 • 6 min read