GARI 2022 Discussion Paper
Released at COP27 - Finance Day, November 9th
The State of Climate Adaptation and Resilience Investment: Where We Are, Current Investor Views, and Paths Forward was released by GARI on Finance Day, November 9th at the United Nations Climate Change Conference COP27 in Sharm El-Sheikh, Egypt where nearly 200 countries have come together to discuss international action on climate change and innovative solutions to help reach the commitments of the 2015 Paris Agreement in this decade.
Climate risks are clear, opportunities are increasingly visible, and metrics are still evolving in GARI’s assessment of the state of resilience investment. GARI looked at the global progress on understanding physical climate risk and resilience, assessed the developing market for investors, studied feedback from stakeholder surveys and discussions, and brought forth a set of recommendations and potential paths forward for resilience investments which are large, long-term efforts that will require participation from all financial actors and climate resilience stakeholders.
“Investors have an important role to play in helping to build resilience in the face of climate impacts and to incorporate climate risks in their investment decisions” notes Jay Koh, Chair and Founder of GARI and Managing Director of The Lightsmith Group. “Investors can also drive a ‘Climate 2.0’ perspective that integrates climate resilience and adaptation considerations into the drive toward Net Zero – making commitments to Resilient Net Zero.” Koh focuses on the opportunities for investors who he says, “possess enormous financial resources that can be applied to scale up solutions and technologies to address the need for climate resilience and adaptation.”
Read the full discussion paper here.
