Climate Adaptation Investment Could Reach $1.2 Trillion a Year by 2050 Says McKinsey
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Climate Adaptation Investment Could Reach $1.2 Trillion a Year by 2050 Says McKinsey
Climate adaptation could become a major investment opportunity as rising temperatures increase the need to protect people, businesses, and infrastructure from extreme weather. A report from McKinsey Global Institute estimates […]
Advancing adaptation: Breaking barriers to a trillion-dollar opportunity
This report examines barriers to climate adaptation finance, estimating annual costs could reach $1.2 trillion by 2050, with $460 billion deployment ready and $690 billion facing barriers including affordability, incentives, execution and finance.
Flood protection, cooling technology and resilient agriculture could significantly limit damage caused by climate change – but investment is lacking worldwide. A study by the McKinsey Global Institute shows how large the financing gap is and why economic benefits alone are often not enough to launch measures.
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