Bangladesh could gain trillions from climate resilience investment
A new report shows that investing in climate adaptation is a smart economic strategy, not just a cost. Released at the World Bank and IMF Annual Meetings, the report finds that every dollar invested in climate resilience can bring back ten dollars in returns. For countries like Bangladesh, such investments can protect the economy from future losses caused by climate change.
Bangladesh has already made strides in areas like climate-smart agriculture and flood protection, but it still faces significant climate-related losses. The report estimates that investing in climate resilience could create thousands of jobs in Bangladesh by 2035 and boost its economy. However, a major challenge remains: there’s a $296 billion gap in needed funding for global climate resilience efforts.
