5 stories on adaptation funding gap, financeable adaptation, private adaptation finance, insurance transition planning and nature-based adaptation.
5 empowering stories from the FuturePlanet community and network. Read on to discover insights on adaptation funding gap, financeable adaptation, private adaptation finance, insurer transition planning, and nature-based adaptation.
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1! Europe's annual climate adaptation funding gap could hit EUR 120bn by 2050
Europe spends roughly EUR 15-16bn a year adapting agriculture, energy and transport to climate change. The EEA estimates the real cost at EUR 53-137bn a year by 2050, leaving an annual funding gap of EUR 39bn under moderate warming and up to EUR 120bn under a high-emissions pathway. Set against EU extreme-weather losses already running EUR 40-50bn a year, the briefing breaks the gap down by sector and weighs it against the cost of inaction. [Read more]
2! Why some adaptation opportunities attract capital and others don't
Adaptation finance has a cash-flow problem. A new NRDC framework, developed through its Fostering Investable National Planning and Implementation (FINI) initiative, sets out a four-part way to explain why some adaptation opportunities attract capital while others struggle, and what it takes to make more of them financeable. [Read more]
3! 22 case studies on unlocking private investment in adaptation
Private financial institutions are already investing across a diverse set of adaptation solutions. Investing in Resilience gathers 22 case studies of how leading banks, asset managers and insurers help clients pull forward investment, from resilient infrastructure to water security and climate-resilient agriculture. They show a broad set of solutions can be financed commercially, letting scarce public finance be used in a more targeted and catalytic way. [Read more]
4! Aligning insurers' underwriting and investment in one transition plan
Many insurers run underwriting and investment as separate disciplines, so one side of the balance sheet can deliver climate-positive outcomes while the other unknowingly undermines them. A new UNEP FI guide turns its six Total Balance Sheet Principles into practice, introducing "cognitive consonance", a consistent internal logic that aligns underwriting and investment around one strategic ambition. It gives boards a way to spot contradictions across the balance sheet before they become risks. [Access here]
5! A Manchester school uses a green wall to cool classrooms in summer heat
As extreme heat makes more UK classrooms unbearable in summer, a green wall at Co-op Academy Manchester shows what nature-based cooling can do. Using thermal imaging, the school recorded over a 10°C difference in surface temperature between its cladding and the planting. Students chose sun-loving Mediterranean plants, and the school is now adding tree planters and a green roof, plus habitat improvements to link four nearby sites of biological importance. [Read more]
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