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Climate change impacts the economy by causing damage and increasing costs. Investing in green technologies and sustainable practices can boost economic growth and create jobs. Adapting to climate change is crucial for long-term economic stability and resilience. Click on the link :point_down:to read more about this important topic from the article written by the International Monetary Fund (IMF). https://lnkd.in/dzcUFiRz #ClimateChange #GreenEconomy #Sustainability #ClimateAction #FutureReady

2024 is rewriting the rules of business resilience: record heat, rising oceans, and relentless emissions demand action. Are you impacted? #Accountants and #ESG practitioners, it’s time to turn these challenges into opportunities. In this blog, our CEO Jose Hopkins ACA provides a summary of 2024’s key climate change trends and their impact on accounting and reporting, framed with practical considerations. Struggling to keep up with and/or integrate climate change, social impact and sustainability? Simplify Climate is here to support you. From providing clarity on regulations to offering tailored integration solutions, we aim to make climate action simpler and more accessible. Reach out to us at [email protected] or visit our website to learn how we can help. Together, we can turn these challenges into opportunities. Let’s simplify climate action and shape a resilient future! #climatechange #climateaction #netzero #sustainability #accounting https://lnkd.in/ep_miXmc

"Investment volumes in climate and nature resilience are not increasing at anywhere near the rate needed," writes Dr Guido Schmidt-Traub partner at Systemiq Ltd. in Sustainable Views today. During the past two decades, poorer emerging and developing economies, already vulnerable to climate change, have suffered a staggering $525bn in losses from extreme weather. Finance ministers and their macroeconomic advisers, including the IMF, need to take charge and prioritise climate adaptation investments, Scmidt-Traub argues. Read more below. This article is free to read on Sustainable Views. #climateadaptation #extremeweather #climaterisk https://lnkd.in/eNi59CYm

Financial institutions may be underestimating investor losses from physical climate risk by up to 70%, when they overlook asset-level information. • Underestimating climate physical risks results in insufficient investment in adaptation and mitigation efforts. In turn, this delay in climate action subsequently causes greater socio-economic losses and elevates overall risks. • Using Mexico as a case study, researchers found that traditional firm-level assessments underestimate risk by 70%. When considering acute tail risks like cyclones or floods, this underestimation rises to 82%. • To overcome these limitations, researchers have created a methodology that can be tailored to various countries to bridge the climate adaptation gap – an approach that also incorporates both historical data and future climate scenarios. Full Article 👉 https://bit.ly/46LJ9rO Research Report 👉 https://lnkd.in/evXExChB #ClimateRisk #PhysicalRisk #ClimateAdaptation #Finance

Fast Company features Professor Ari Zoldan, discussing the financial impacts of climate change. As climate-related costs rise, it's crucial to understand how these changes affect our bank accounts and what steps we can take to mitigate the impact. This comprehensive article by Ari provides valuable insights and practical advice on safeguarding your finances in an era of climate uncertainty. 🗝Key points: 🔹 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐂𝐨𝐬𝐭𝐬: Climate change is projected to cause significant economic damage, with estimates ranging from $1.7 trillion to $3.1 trillion per year by 2050 🔹 𝐈𝐧𝐜𝐨𝐦𝐞 𝐑𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧: Climate change could reduce average incomes by nearly 20% over the next 26 years 🔹 𝐄𝐱𝐭𝐫𝐞𝐦𝐞 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐈𝐦𝐩𝐚𝐜𝐭: Extreme weather events alone are expected to cause $38 trillion in destruction annually by 2050 🔹 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐁𝐮𝐫𝐝𝐞𝐧: Individuals will face increased costs in health, agriculture, infrastructure, and property damage due to climate change 🔹 𝐌𝐢𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐬𝐭𝐬: The cost of mitigating carbon emissions is estimated at about $6 trillion, which is significantly lower than the projected costs of climate-related destruction Read the full article to learn more about the intersection of climate change and personal finance. What can you do to help mitigate climate change? Comment below! Link: https://lnkd.in/gE-uFWhc #ClimateChange #Finance #Money #SaveEnergy #Environment #AriZoldan #FastCompany #QuantumMediaGroup #SavetheEarth

#adaptationEconomy Less than 1% of the world GDP goes to Climate! From that $1.2Trillion (2022), only around $62Billion go to Adaptation and those are almost exclusively from the Public Sector! (Source Climate Policy Initiative) We need to create an #AdaptationEconomy Click on the link below to learn more!

A new study warns that climate change could cost the global economy a staggering $38 trillion annually within the next 25 years. This staggering figure includes damages from extreme weather events, rising sea levels, and disruptions to agriculture. While significant, it's important to consider this cost in relation to the price of inaction. Recent reports suggest that meeting climate goals outlined in the Paris Agreement would be significantly cheaper. However, international cooperation on climate change remains a challenge, with nations struggling to agree on burden sharing and technological development. https://lnkd.in/dxYPizya #climatechange #sustainability #economy #carboncapture #newenergy

Investing in climate strategies isn't just environmentally responsible,it's economically smart. Studies show that every dollar invested in climate adaptation can yield between $4 and $10 in economic benefits. This return on investment comes from avoided costs related to disaster recovery, improved productivity, and new economic opportunities. Moreover, the cost of inaction far outweighs the cost of action. The World Bank estimates that climate change could force 100 million people into poverty by 2030 if we don't take significant action. In contrast, proactive investment in climate resilience can save trillions in the long run.

Impact weight all of your risk and business analysis. Then, drive growth impact roadmaps that embed financial and strategic climate impacts within each other. Or, lose. You choose. “Economic impact of climate change could be worse than anticipated” https://lnkd.in/gN7exp_z

[LINKEDIN LIVE] Derisking projects to support the climate transition is a key focus for many organizations. But how do organizations secure the correct finance? Could insurance help be a more prominent tool in accelerating the deployment of capital? Join host Cara Williams, in a practical discussion with Amy Barnes, Robert Bailey and Angela Duca as we provide examples on the realities of risk appetite, the challenges and implications, and how to unlock these emerging transition opportunities. https://bit.ly/3Bff6gg #RiskManagement #Climate #Sustainability #Finance