Preparing for extreme weather shocks a huge opportunity, and the right thing to do
London Climate Resilience Finance Summit opens amid searing heatwave.
Speaking as the London Climate Resilience Finance Summit got underway on Thursday, 25 June, IIED executive director Tom Mitchell said: “Climate change is a clear danger right now.
“But it’s going to be a long-term threat, so the world needs a long-term vision for protecting people and their livelihoods. Investing money now will avoid losses in the future – and simply lurching from crisis to crisis will serve no one.
“That’s why the London Climate Resilience Finance Summit is bringing government representatives, banking and insurance chiefs, and climate experts into one place. We want to identify blockers to investment and find ways to remove them.
“Preparing societies for extreme weather shocks is a huge business opportunity, as well as the right and sensible thing to do.
“But real resilience can only be achieved if communities and businesses are involved in the decisions that affect them. We want to move on from extractive economics that leave some people with all the risk while others reap the rewards.”
Notes to editors
- Read relevant IIED research on food security and the benefits of early investment in social protection
- Find out more about LIFE-AR, an initiative of the least developed countries
For more information or to request an interview, contact Jon Sharman:
+44 7407 727 886, or [email protected]
