Environmental Change Institute (ECI), University of Oxford reposted this
Our new report is out! 🥳 Give it a read to find out why #climateadaptation is not only cost-effective but essential for long-term economic growth and human development more broadly. Here's the gist, summarised in 11 key insights: 1. Climate change and adaptation should be routinely integrated into fiscal risk analysis and debt sustainability analyses, including analysing the benefits of adaptation for fiscal space, fiscal resilience and sovereign credit ratings. 2. Cost of capital for sovereign financing instruments can be reduced through investment in adaptation, including implementing appropriate disaster risk financing strategies and sustainability-linked sovereign finance for adaptation. 3. Countries need appropriate adaptation taxonomies (or integration of adaptation within a green taxonomy) that are aligned with national goals. 4. Adaptation must be integrated with sustainable budgeting approaches, project procurement and project appraisal to identify where public expenditures could be more strongly aligned with national adaptation and nature goals. 5. Investment plans for adaptation and infrastructure should be formulated in collaboration with the private sector and civil society 6. Public spending should be targeted more carefully to mobilise private capital effectively and maximise the co-benefits from green infrastructure investment to society. 7. Blended finance should be allocated to the investment with the highest social value relative to its costs, and considering relevant alternatives. 8. Institutional frameworks for mobilising and monitoring adaptation finance with clear national vision and goals should be adopted by Ministries of Finance. 9. Policies need to be developed in tandem with local communities for greater impact, sustainability and alignment with broader development and poverty reduction agendas. 10. Invest in physical climate risk data and tools constitutes a public good. 11. Risk analytics and macroeconomic modelling used within government decision making must incorporate climate risks and take full account of climate extremes and their interlinkages with nature-related risks and the potential for cascading risks. Thanks for the great collaboration Dr Nicola Ranger Mark Bernhofen Matt Burke Dr. Roosa Lambin, Akaraseth Puranasamriddhi, Juan Sabuco, and Roberto S. and to UNEP's Himanshu Sharma! United Nations Environment Programme Finance Initiative (UNEP FI) Green Fiscal Policy Network Environmental Change Institute (ECI), University of Oxford Smith School of Enterprise and the Environment - University of Oxford Climate Compatible Growth #CCG
🌍 OUR NEW REPORT IS PUBLISHED! 📢 Investment in #adaptation and #economicgrowth have long been seen as trade-offs—but the evidence is clear that adaptation is not only cost-effective but essential for long-term prosperity, wellbeing, and economic security. Our latest report, "Enabling Adaptation", produced in partnership with UN Environment Programme, provides new insights into how fiscal policies can drive resilience while ensuring economic sustainability. Key findings include: ✅ Investing in resilience is cost-effective – adding resilience to infrastructure costs just 3% more but yields a $4.2 trillion net benefit. ✅ Public finance must work smarter – aligning fiscal policies with adaptation reduces inefficiencies and supports long-term economic stability. ✅ Private investment needs to be mobilised – leveraging blended finance and sovereign instruments like adaptation-linked bonds can unlock critical funding. ✅ Data is key – investing in climate and risk data as a public good will drive better decision-making and resilient development. 📥 Read the full report here: https://lnkd.in/ehc3x6Yx 🚀 Join us tomorrow, 30 January 2025, for a special webinar with UN Environment Programme and Global Finance and Economy Group at Environmental Change Institute (ECI), University of Oxford as we discuss these findings and launch the report officially. 💬 Register for the webinar: https://lnkd.in/egU7vwa7
ESG | MSc in Sustainability, Enterprise & the Environment | Human Rights | Sustainability | Reuben Scholar
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