| Summary: |
There is under-investment in climate adaptation and resilience-building globally, as well as in the G20 countries. Consequently, the significant benefits of such interventions are not realised. Drivers of under-investment include lack of information on risks, the costs of addressing those risks, and the complete benefits of doing so. Climate adaptation and resilience-building interventions can enable governments, international financial institutions, and the private sector to make better investment decisions and close the financing gap. Building on work showing that the full benefits of many types of adaptation investments are far greater than often assumed and accrue even if the extreme event does not occur, this Policy Brief proposes actionable recommendations for incorporating a triple dividend approach into the economic and financial assessments of adaptation investments in a way that will facilitate their scaling up by the G20 countries as well as globally.
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