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A Business Case for Building Climate Resilience

This is the final installment of WRI’s blog series, Adaptation and the Private Sector. Each post explores ways to engage the private sector in helping vulnerable communities adapt to the impacts of climate change.

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High Hopes for the Green Climate Fund: 5 Messages on Private Sector Engagement

Climate change mitigation and adaptation investment needs are urgent, significant, and growing. The world will need to devote trillions of dollars into clean energy, sustainable transport, and other green infrastructure to limit global temperature rise to 2 degrees C and prevent the worsening effects of climate change. Private sector investment will be critical to achieving the type of low-carbon, climate-resilient growth necessary to secure a sustainable future.

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India’s Watershed Development Boosts Food Security, Improves Livelihoods

India struggles with water scarcity, a problem that poses especially huge implications for the country’s food security and rural livelihoods. The country has long-battled its scarcity issues through Watershed Development, a participatory approach to improve water management through afforestation and reforestation, sustainable land management, soil and water conservation, water-harvesting infrastructure, and social interventions. But while watershed development has been employed in communities throughout India, its potential long-term costs and benefits have not been well-understood or studied--until now.

A new working paper from WRI and WOTR finds that watershed development has provided more than $9 million dollars’ worth of food security and water management benefits to the water-stressed community, Kumbharwadi.

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Watershed Development in India

Economic Valuation and Adaptation Considerations

Watershed development, an ecosystem-based approach for development of rain-fed regions in India, is gaining traction and political support, but how is it contributing to poverty reduction, food security, and climate change adaptation? This paper examines how economic valuation can improve our...

3 Ways Governments Can Involve the Private Sector in Climate Change Adaptation

As the impacts of climate change become ever-clearer, so does the challenge of adaptation. While the World Bank estimates that developing countries will need $70-$100 billion annually through 2050 to adapt to climate change, the public sector alone cannot meet this financial goal. Rather, the world needs the human, technical, and financial resources of the private sector to help bridge this significant adaptation finance gap and make vulnerable communities more climate-resilient.

National governments have a critical role to play in supporting and stimulating private sector investment in adaptation. In order to engage the private sector in helping vulnerable populations prepare for the effects of climate change, developing country governments can take three types of actions:

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4 Cities Show Leadership in Adapting to Local Climate Impacts

Take a look at four U.S. cities—Boulder, CO.; Salt Lake City, UT; Pinecrest, FL.; and Hoboken, NJ—and it's clear that they are at the frontlines of climate change. But take a closer look and you’ll see that they’re also at the forefront of local climate action.

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Micro, Small, and Medium Enterprises: Key Players in Climate Adaptation

In most developing economies, Micro, Small, and Medium Enterprises (MSMEs) employ up to 78 percent of the population and account for approximately 29 percent of the national GDP. Their presence in communities throughout the world– big and small, rural and urban – allows them to get products and services to hard-to-reach populations. This market concentration and high level of employment means MSMEs are in a good position to contribute to making vulnerable populations more climate-resilient.

But while MSMEs can assist in helping vulnerable households adapt to climate change, they are also extremely vulnerable to the impacts of a warmer world, such as intensification of precipitation and shifts in water availability. It’s important that MSMEs overcome these challenges and capitalize on their unique business opportunities in ways that help vulnerable communities adapt to climate change.

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Mayors and city officials from Colorado, Florida, New Jersey, and Utah will be participating in an event in Washington D.C. to discuss how cities are being affected by climate change and what they are doing to adapt to these impacts using state-of-the-art technology and design. The event is being organized by the Union of Concerned Scientists and the World Resources Institute.

3 Ways Multinational Corporations Can Help Vulnerable Communities Adapt to Climate Change

Multinational companies (MNCs) typically have operations and supply chains in many parts of the world. The way they respond to climate change, therefore, can affect many populations, including poor communities in developing countries, where many people are especially vulnerable to heat waves, sea level rise, and other climate change impacts. MNCs sometimes find themselves in tension with local groups and the environment, but they can also play an important role in making these communities more climate-resilient.

Here are three ways that MNCs can contribute to climate change adaptation in developing countries:

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