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MANAGING CLIMATE RISKS SO EVERYONE IS THRIVING

Welcome to 2050 and to a thriving, climate-resilient world. Society is flourishing despite facing a wide range of climate risks which have increased, notwithstanding our success at reducing greenhouse gas emissions.

We are managing all climate risks, and reducing their impacts. We have built resilience and sustainability into the very fabric of our social, economic and environmental systems. From Energy, Transport, Water and Industry through to Human Settlements, Oceans and Coastal Zones, Health, Food and Agriculture, and Land Use, these are all resilient and with net zero emissions.

Early warning systems and climate risk management actions are protecting the most vulnerable people and places from extreme climate events. Longer-term resilience actions, accompanied by the creation of green jobs, access to risk finance, sustainable consumption, have created secure and prosperous communities.

In a similar vein, businesses are managing all climate risks. Investors proved critical to this change, by only investing in companies disclosing and managing their climate risks, and investing in resilient infrastructure and services that delivered impacts at the local level in all countries.

Working with nature was, and is, essential to our success. Protecting the world’s threatened landscapes and biodiversity from day one, not only helped make us resilient to climate risks but kept humans and our planet healthy with clean water, fertile soils and pollution-free. The planetary emergency, declared in the 2020’s, was a thing of the past.

A people focused approach was essential. This empowered communities to become change agents to transform our world. Women, youth, and indigenous people were at the heart of this transformation to achieve a just transition with more inclusive and equitable societies.

How to take Action
  • Ensure early warning and action against climate disasters are in place for 1 billion people in developing countries, by 2025, and climate finance reaches the most vulnerable.
  • Apply cities strategies to increase the resilience of all urban settlements by 2021, with specific plans to manage the risk of heatwaves by 2025.
  • Climate-proof key infrastructure and services, including actions by developing countries where water resources are resilient to climate risks by 2025.
  • Mainstream climate risk management into all their business plans and investments, by 2025.
  • Invest into clean and resilient infrastructure technologies, and ensure all transport and industry assets and systems are climate resilient by 2030.
  • Start adopting measures, including nature-based solutions to make value chains resilient to climate risks by 2021, and guaranteeing resilience and sustainability for all food and agriculture value chains by 2030.
  • Develop plans for finance strategies and products that fully address climate risks and emissions for building resilient and carbon neutral systems by 2021.
  • Ensure risk finance and insurance is offered to 500 million vulnerable people by 2025, and to any vulnerable people who need them by 2030.
  • Stimulate the market for resilient and low carbon infrastructure and services, guaranteeing that private and public investment in this area reaches $6.9 trillion p.a. by 2030 and $97 trillion in total by 2040.
  • Support the development of sustainable, regenerative, and climate resilient technologies and farming practices, enabling 300 million smallholder farmers to adopt such measures, by 2030.
  • Research and commercialise technological innovations to make energy, water, building, transport and other key infrastructure more resilient to the physical impacts of climate change.
  • Devise new and improved solutions for flood prevention and defence so that flood events will no longer affect the ability of individuals or businesses to thrive, by 2040.
  • Demand meaningful engagement and civic participation in resilience strategies, with particular attention on including women, girls, youth, people living with disabilities, and indigenous people.
  • Lobby governments and support organisations involved in the global effort to restore 350 million hectares of deforested and degraded land between now and 2030.
  • Invest savings in companies with climate-resilience and net zero plans and lobby policy makers to regulate companies to adopt disclosure and governance practices that encourage and drive climate resilience.