Tailwind’s Emilie Mazzacurati spoke with Jamil Wyne for the Forbes article, The Business Case for Adaptation. It sets the stage for the state of adaptation & resilience investment and where demand for solutions is growing using Tailwind data.
Excerpts include:
- “Primarily, adaptation solutions focus on minimizing and addressing the impacts of climate hazards – e.g. floods, heatwaves, wildfires, and extreme weather events that hurt physical infrastructure and human livelihoods. Tailwind, an investment firm and ecosystem builder focusing on adaptation and resilience solutions, defines adaptation as “products and services designed to predict, prevent, mitigate, and enable recovery”.
- “The global climate adaptation funding gap is massive. Recent estimates suggest annual adaptation funding needs are an estimated $366 billion through 2030, while current international public finance flows reached just $28 billion in 2022. However, Tailwind finds that the demand for adaptation solutions could be many times hire at over 1 trillion dollars annually”
Why is there a gap?
“While there is no single reason that can explain the large shortfall”, the article illuminates 4 main factors.