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☆ Rising temperatures and floods leave cities with hefty bills. Startups are working to help them adapt to climate risks.
▼ + stars: | 2024-03-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

All of this has given rise to climate adaptation, a sector that aims to mitigate against and adapt to the risks associated with climate change. For James Brennan and Navjit Sagoo, two of the scientists behind climate risk analytics startup Climate X, it is imperative that adaption efforts go hand in hand with those working to curb rising temperatures. Indeed, Bank of America analysts predicted the climate adaptation industry would be worth $2 trillion a year by 2026. Climate X made its calculations based on the UN's Intergovernmental Panel on Climate Change's RCP8.5 scenario, which has been deemed to be a "very high" baseline for emissions. Mike Segar/ReutersAll hands on deckThe need for climate adaptation is clear but often overlooked until an extreme weather event occurs, according to Landesman and Chaudhury.

Persons: —, James Brennan, Navjit Sagoo, Abrar Chaudhury, Autarc, Bill Gates, Tucker Landesman, Helge Jørgensen, Mike Segar, Brennan, Sagoo Organizations: Service, Business, Bank of America, Climate, X, Deloitte, University of Oxford's, Business School, New York Times, New, London, Fabian Society, Tech, Breakthrough Energy Ventures, Goldman Sachs, Management, Air, International Institute for Environment, Development Locations: London, New York City, New York, California, Autarc , Massachusetts, Medellin, Colombia, Europe, PitchBook, Mamaroneck, Westchester County , New York, U.S

Saleemul Huq, a pioneering climate scientist from Bangladesh who pushed to get the world to understand, pay for and adapt to worsening warming impacts on poorer nations, died of cardiac arrest Saturday. “Saleem always focused on the poor and marginalized, making sure that climate change was about people, their lives, health and livelihoods,” said University of Washington climate and health scientist Kristie Ebi, a friend of Huq’s. Huq, who died in Dhaka, directed and helped found the International Centre for Climate Change and Development there. He was an early force for community-based efforts to adapt to what climate change did to poor nations. United Nations climate negotiators last year approved the creation of that fund, but efforts to get it going further have so far stalled.

Persons: Saleemul Huq, “ Saleem, ”, Kristie Ebi, Huq’s, Huq, Queen Elizabeth II, ” Huq, “, Harjeet Singh, That’s, Joel Smith, he’s, ” Ebi, ” Smith, Smith, Ebi, ___, Seth Borenstein Organizations: University of Washington, International, International Institute for Environment, Development, Nations, . Environmental Protection Agency, Twitter, AP Locations: Bangladesh, Dhaka, London, England, British, Nations

The continent is rich in the commodities needed for the green energy transition and has abundant solar power, but many governments are also burdened with cripplingly high debts. "Eighty percent of the infrastructure Africa needs by 2050 has not yet been built," Gamboa said at the IMPACT conference. "They've come to a recognition that it is good development to leapfrog and go into the clean energy transition now." "We cannot and will not run away from doing fossil fuel-based investing because the development needs of the continent are so huge," the AFC's Gupta said. "The world still needs energy security, the world still needs energy source diversity.

Persons: John Muchucha, it's, Andrew Steer, Freddy, we've, Tom Mitchell, Sanjeev Gupta, Gupta, Cristina Gamboa, " Gamboa, ActionAid, Gloria Dickie, Jane Wardell, Sharon Singleton Organizations: REUTERS, Earth, Reuters IMPACT, International Institute for Environment, Development, London, African Finance Corporation, International Energy Agency, IMPACT, AFC, Thomson Locations: Africa, Nairobi, Kenya, London, Horn of Africa, Malawi, Mozambique, Madagascar, Sharm el, Sheikh, Lagos, Global South, Paris

☆ Fair access to proper housing can boost economic growth - report
▼ + stars: | 2023-05-15 | by ( Marine Strauss | ) www.reuters.com time to read: +1 min

BRUSSELS, May 15 (Reuters) - Providing equitable access to appropriate housing in slums and other informal settlements could massively increase economic growth and boost life expectancy, a report to be published on Tuesday by home-building charity Habitat for Humanity shows. Proper housing could increase economic growth by up to 10.5%, while life expectancy could go up by 2.4 years on average, the report said. Adequate housing could help up to 41.6 million children who are currently missing education to enroll in school, the report stated. According to the United Nations, more than 1 billion people live in slums or informal settlements, where they have limited access to basic services such as clean water, sanitation, and electricity. Of those, 80% are in East and South-East Asia (370 million people), sub-Saharan Africa (238 million) and Central and South Asia (227 million).

☆ Action on climate change can provide a shot in the arm for the global economy, economist says
▼ + stars: | 2021-07-26 | by ( Jonathan Keane | ) www.cnbc.com time to read: +4 min

In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS Lombard, said that action on climate change is often criticized as moving too slowly. "Effectively by 2030 the cost of renewable electricity is going to be half that of coal and gas sourced electricity," Dumas told CNBC. COP26 prioritiesAmid this backdrop, the United Nations Climate Change Conference, better known as COP26, will meet in Glasgow in November. While the developing world, including several African nations, has great potential in developing sites for generating solar power, that power needs to move easily. Both in developed and developing countries, you can provide labor intensive employment through renewable energy," Steele said.

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