The region has a significant adaptation finance and investment gap ranging from $18 to $51 billion annually. Taking action now could reduce the vulnerabilities of businesses, increase the resilience of human and natural systems, and bring several additional benefits.
Businesses that manage and reduce their greenhouse gas (GHG) emissions have the opportunity to lower their production costs, become more efficient, develop resiliency against the impacts of climate change, and access markets with environmental demands and regulations.
Investing in preventative adaptation solutions can be more effective and less costly for the private sector than a late response. The opportunities available to adapt to climate change remain largely unmet.
The abundance of renewable resources places the regional industry well below many of its rivals in terms of greenhouse gas emissions per unit of electricity generated — a unique advantage that can help the region move rapidly towards the net-zero emission target.