US EditionAs climate costs mount, businesses talking more about spending to adapt: report
- Businesses are increasingly considering spending on adaptation due to rising climate costs, with disaster expenses totaling US$368 billion last year, 14 percent above the long-term average since 2000.
- Discussions of extreme weather impacts during earnings calls have reached record levels this year, indicating heightened awareness among companies.
- The report notes that every $1 invested in adaptation and resilience yields more than $10 in benefits over a decade.
- According to the World Bank, 70 percent of infrastructure in developing countries due by 2050 remains to be built, offering a significant chance to incorporate adaptive solutions.
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Businesses confronting the costs of adapting to climate change, report says
Work on climate change has largely focused on preventing it from getting worse, but as a new RBC report points out, businesses are also starting to think more about potential spending on adaptation and preparation as the costs of disasters pile up.
·Canada
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The Hamilton Spectator+8 Reposted by 8 other sources
As climate costs mount, businesses talking more about spending to adapt: report
TORONTO - Work on climate change has largely focused on preventing it from getting worse, but as a new RBC report points out, businesses are also starting to think more about potential spending on adaptation and preparation as the costs…
·Hamilton, Canada
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