Growing Returns

Selected tag(s): climate spending

Natural infrastructure can address growing climate impacts and save hundreds of billions of dollars annually in the process

Across the world, more communities are experiencing significant impacts from our changing climate, with severe weather events becoming “the new norm” according to the recently released State of the Climate report. Without action, these disasters could require $20 billion in annual humanitarian aid according to the International Federation of Red Cross.

As world leaders meet this week in Scotland for COP26, they must do everything in their power to reduce emissions and avoid worsening climate scenarios. It is great to see critical attention to natural climate solutions like avoided tropical forest loss front and center at the COP.

At the same time, we must also invest in solutions that can save lives and property from those climate impacts that are already unavoidable. Fortunately, there are solutions that both reduce climate pollution and protect against impacts already being felt.  A new report by the International Institute for Sustainable Development (IISD) provides insight into how to do that, showing that natural infrastructure can save hundreds of billions of dollars annually in climate adaptation costs, while delivering the same or better outcomes as traditional, hardened infrastructure.

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