Billions of dollars are spent every year on climate resilience projects across the globe. As the impacts of climate change continue to grow, decision makers in governments, financial institutions, and the insurance industry need targeted risk information to ensure that limited resources are being used to safeguard people, their livelihoods, and to build a more resilient future.
Climate change is stressing social and environmental systems, impacting coastal ecosystems and the societies that depend on them.
According to the Intergovernmental Panel on Climate Change (IPCC), sea levels could rise by as much as one meter by 2100. This represents an immense threat to coastal cities and their residents.
Other climate and ocean risks confronting coastal cities include increasing storm intensity, warmer ocean temperatures, diminished ecosystems, and declining fish populations. At the same time, many cities in developing countries are already grappling with underlying economic and social issues, such as poverty and inequality, high levels of unemployment, outdated infrastructure, poor governance, and corruption.