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5 Reasons To Watch NYC’s Climate Summit

On September 23, heads of state and leaders in finance, business and civil society will gather in New York City for the United Nations Climate Summit, aimed at jump-starting talks to reach a global climate agreement by December 2015. It's hardly the first time these actors have convened to counter climate change. Here's why this summit is worth watching.

What Is the Role for Transformation in Adaptation?

Transformation is a word we use so often in our daily lives that it seems strange to stop and think about what it really means. But in adaptation circles, the definition and role of transformation has recently become a hot topic of conversation, in part because transformational change was an important theme of the recent IPCC Fifth Assessment Report, Climate Change 2014: Impacts, Adaptation, and Vulnerability.

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.

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:

Adapting to Climate Change: The Private Sector’s Role

Adapting to the impacts of climate change—like heat waves, increased floods, and natural disasters—is an enormous challenge. It’s also one that comes with an enormous price tag. Although it’s difficult to calculate the extent of the costs, the World Bank estimates that developing countries need $70 to $100 billion USD per year through 2050 to meet their current and future climate adaptation needs.

The Climate Policy Initiative, however, estimates that in 2011, only $4.4 billion USD in adaptation finance went to developing countries. This leaves a gap of anywhere from $65.6 to $95.6 billion USD per year between what developing countries need and what developed nations are giving.

So who can help fill this gap?

Weaving the Net

Climate Change, Complex Crises and Household Resilience

Complex crises produce impacts that cascade across space and time in unpredictable ways, and create severe hardship among vulnerable groups in developing countries. This paper uses the food crisis of 2008 as a basis for...

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