New: WRI 2014 Annual Report — Greater Reach, Deeper Engagement, More Impact

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Six Things Companies Need to Know About Climate Change Adaptation

In a survey of global businesses, 86 percent described responding to climate risks or investing in adaptation as a business opportunity. So finds a new report jointly released yesterday by the UN Global Compact, the UN Environment Programme (UNEP), Oxfam and the World Resources Institute.

Already, businesses worldwide are beginning to see the risks and economic impacts of more frequent and intense storms, water scarcity, declining agricultural productivity and poor health.

Have Countries Delivered on Fast-Start Climate Finance?

As the reporting deadline for 2010 looms, developed countries will need to prove that they are honestly meeting their modest $30 billion commitment.

Today, WRI releases an updated summary of developed countries’ “fast start” climate finance pledges. These funds are intended to help developing countries reduce emissions and adapt to climate change from 2010-2012.

To date, 21 developed countries and the European Commission have publically announced individual fast-start finance pledges totaling nearly USD 28 billion to meet the USD 30 billion commitment in the 2009 Copenhagen Accord.

Towards a Climate Safe Common Future

The two defining challenges of this century are climate change and poverty. Our challenge is to find a way to deal with both, at the same time.

This piece originally appeared on the World Resources Report website.

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