It is a great pleasure to be here with you today in this first of our new series of events on adaptation financing. Climate crisis is a rising threat to our wellbeing and a healthy planet – therefore οne of the world’s top challenges.
We need to act without further delay, to mitigate climate change, but also to adapt to the increasing climate risks and turn this challenge into an opportunity. A flagship report of the Global Commission on Adaptation estimated that investing 1.8 trillion US dollars from 2020 to 2030 in areas such as climate-resilient infrastructure could generate 7.1 trillion US dollars net benefits.