Climate Change Investments Are Good Business Opportunity

Investment in reducing climate
change will be less costly than the damage otherwise inflicted by climate
change on people, infrastructure and ecosystems, according to a Prof Ove Hoegh
Guldberg from the ARC Centre for Excellence in Coral Reef Studies at the
University of Queensland in Australia.
According to him the return on
investment for reducing climate change is good enough when one considers the
damages avoided by acting. The investment is even more compelling given the
wealth of evidence that the impacts of climate change are happening faster and
more extensively than projected, even just a few years ago. This makes the case
for rapidly reducing greenhouse gas emissions even more compelling and urgent.
Prof Hoegh-Guldberg explained
the mismatch. "First, we have underestimated the sensitivity of natural
and human systems to climate change, and the speed at which these changes are
happening. Second, we have underappreciated the synergistic nature of climate
threats -- with the outcomes tending to be worse than the sum of the parts.
This is resulting is rapid and comprehensive climate impacts, with growing
damage to people, ecosystems, and livelihoods."
For example, sea-level rise can
lead to higher water levels during storm events. This can create more damage.
For deprived areas, this may exacerbate poverty creating further disadvantage.
Each risk may be small on its own, but a small change in a number of risks can
lead to large impacts.
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