Economic Strategies for Strengthening Climate Resilience
As the effects of climate change continue to intensify, the economic dimensions of climate resilience are gaining increasing importance. While many focus on physical infrastructure, it's crucial to understand how economic strategies can play a central role in strengthening the capacity of communities, businesses, and nations to weather the storms of a changing climate. Economic Resilience as a Key Pillar Economic resilience refers to the ability of communities and economies to absorb, recover from, and adapt to climate-related shocks and stresses. Without sound economic strategies, even the best physical and technological resilience efforts can falter in the face of economic downturns triggered by extreme weather events, disruptions in supply chains, or loss of livelihoods. Economic strategies can provide a foundation that supports and sustains resilience efforts. Climate Risk Insurance: Protecting Assets and Livelihoods One effective economic tool to bolster climate resilience is ...