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A record-breaking number of natural disasters that each caused at least $1 billion in damage cost the United States a total of $81 billion this year, data from the National Oceanic and Atmospheric Administration shows, including a devastating wildfires in Hawaii, Hurricane Idalia in western Florida and a drought that killed more than 200 people across t…
This paper estimates that the macroeconomic damages from climate change are six times larger than previously thought. Researchers exploit natural variability in global temperature and rely on time-series variation. A 1°C increase in global temperature leads to a 12% decline in world GDP. Global temperature shocks correlate much more strongly with extrem…
Not a week seems to go by without news somewhere in the world of a disastrous flood, drought, wildfire, or some other kind of extreme climatic event. In Asia, the region of South China and Indochina (INCSC) is no exception. Here, as recently exemplified by the catastrophic floods in China's southern province of Guangdong, which killed at least 4 people…
The region's sandy coastlines are vanishing at an alarming rate. It's a warning sign for coastal communities worldwide, USC research suggests.Rising sea levels and urban development are accelerating coastal erosion at an alarming rate in Southern California with significant ripple effects on the region's economy, a USC study reveals.The study, published…
Sectoral recovery capacity assessment (SRCA), developed by the Canada-Caribbean resilience facility (CRF) and the Caribbean Disaster Emergency Management Agency (CDEMA), analyzes the capacity of key sectors for efficient and coordinated recovery and provides recommendations to improve recovery processes along three main axes: governance, competencies an…
Over $200 billion is required annually to meet adaptation and resilience investment targets in sectors such as water, energy, agriculture and early-warning systems - three times current funding.Investing in adaptation and resilience reduces exposure to climate risks and yields financial benefits for all stakeholders.Accurate measurement and monetization…
From a global pandemic to a cascading cost-of-living crisis, and the spread of online misinformation and disinformation, the last four years have provided a stark reminder that risks spread quickly. In our globalized world it is impossible for any country to fully protect its people, economy and ecosystems from such risks - key, however, is recogni…
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A recent report from the International Panel on Climate Change reveals a consistent rise in extreme heat days, affecting agriculture and beyond. Economic repercussions include reduced labour productivity and increased operational costs. Recent studies also emphasise climate's financial sector impact, especially in low- and middle-income economies. This…
The webinar is organized by the UN Global Compact Network Thailand, the United Nations in Thailand, and the United Nations Disaster Risk Reduction Asia Pacific Office, in collaboration with ARISE Philippines, specially invited to present its programs, initiatives, and best practices in disaster risk reduction and resilience among the private sectors in…
The Early Warnings for All initiative is a UN effort to ensure everyone on Earth is protected from hazardous weather, water, or climate events through life-saving early warning systems by the end of 2027. With human-induced climate change leading to more extreme weather conditions, the need for early warning systems is more crucial than ever. Despi…
This report aims to contribute to discussions on increasing the access of local governments (LGs) and cities to climate finance and help LGs understand various financing instruments and sources available to them to meet climate investment needs. It organizes these instruments in a conceptual framework and provides information on each, along with case st…
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The report investigates the broad concept of the economics of drought management, provides a conceptual, two-tier framework for the assessment of proactive and reactive actions, and disseminates case studies for the implementation of the framework in decision-making processes. This report aims to assist decision-makers, policymakers, planners, and natio…
This study documents the impacts of climate change on firm-level productivity by matching a globally comparable and standardized survey of nonagricultural firms covering 154 countries with climate data. Understanding the mechanisms through which climate change affects economies and estimating its impacts in various sectors are essential to implement mit…
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The Angola DRF diagnostic aims to support the Government of Angola in better understanding the fiscal impact of disasters and crises and in planning and implementing options to strengthen financial resilience for government, rural households, and micro, small, and medium enterprises. The report was prepared by the Finance Competitiveness and Innovation…
Recognising that investors need better information about the positive impacts of investments on climate adaptation and resilience, the UNEP FI hosted Adaptation & Resilience Investors Collaborative (ARIC) has pioneered the development of investor-relevant adaptation & resilience metrics over the past year.…

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