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InsurTech World

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Advancing adaptation: Mapping costs from cooling to coastal defenses

I've just been writing about Micro- and Macro-trends and exchanging insights with Rory Yates, Patrick Kelaghan and others all seeking answers to the focus needed on short-term and longer-term goals ( at the same time to complicate matters) and predicting the future. And then Paulo Cuomo highlighted this McKinsey report that perfectly enhances our commentaries. Link to article at bottom of article

The benefits of adaptation far outweigh its costs. Yet, the world today spends just one-third of the amount needed to protect everyone exposed to hazards to developed-economy standards. What would it cost to adapt as the Earth warms, and how much will get spent? https://www.mckinsey.com/mgi/our-research/advancing-adaptation-mapping-costs-from-cooling-to-coastal-defenses

Tags

climatechange, coastaldefences, insurance