This season’s hurricanes have made the case for climate-resilience investing.
Details are sketchy for the new fund, announced at COP23 in Bonn, Germany, but the aim is to back businesses committed to “high productivity agriculture, smallholder inclusion and forest protection.” Stockholm Resilience Centre’s Johan Rockström explains, “Investing in resilience [enables] communities to navigate rising climate shocks and stresses [and] reduces climate risks by safeguarding carbon sinks and unleashing novel thinking on transformations to diversified fossil-fuel free societies.”
Rockefeller Foundation’s 100 Resilient Cities initiative is backing initiatives like flood-protection design in New York and disaster alerts in Colombia.
