key decision point for adaptation will be how the world responds to the pandemic. The global recovery can serve as a catalyst to increased and more equitable climate financing. Globally, recovery packages will likely have the power to change the global trajectory towards meeting the targets of the Paris Agreement and building a more just future . Several factors are relevant to the design of economic recovery packages: the long-run economic multiplier, contributions to the productive asset base and national wealth, speed of implementation, affordability, simplicity, impact on inequality and various political considerations . A key objective of any recovery package is to stabilise expectations, restore confidence and channel desired surplus savings into productive investment. However, 'business as usual' implies temperature increases over 3ºC, implying great future uncertainty, instability and climate damage. An alternative way to restore confidence is to steer investment towards a productive and balanced portfolio of sustainable physical capital, human capital,
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report