Summary
It is thus essential to reduce the risks that climate change poses to humans and the economy.
The economic and broader social benefits of adaptation to climate change are clear.
Here, public investment institutions like the European Investment Bank can assist with adaptation in many ways. The EIB has long invested in projects that reduce emissions and help countries adapt to climate change.
Finally, the EIB plans to increase its support for innovative technologies such as weather analytics and climate-resilient food systems, to help companies, individuals and communities prepare for climate change. To that end, the EIB now supports the Climate Resilience and Adaptation Finance and Technology Transfer Facility, the first private-sector fund dedicated to addressing these problems in developing countries.
Scientists estimate that we are now heading for a temperature increase of 3-4 C by the end of the century, with disastrous consequences for people around the world. The world's most vulnerable populations are already bearing the brunt of climate change, because they are the most exposed to the risks and have the fewest resources with which to adapt.
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