Climate change jeopardizes socioeconomic stability, and sets back development efforts. The increasing frequency and severity of climate-change-driven disasters threaten lives and livelihoods, food security, water supply, property security, and economic prosperity across the globe. Adaptation is vital to make society resilient to the impacts of climate change. This paper is the work of six authors led by Professor Paula Jarzabkowski, and contributes to a series of background papers commissioned by the Global Commission on Adaptation to inform its 2019 flagship report.
An estimated $163bn of assets are underinsured in the world today, leaving an exposure gap that poses a significant threat to livelihoods and global prosperity, according to new research from Lloyd’s and the Centre for Economics and Business Research (CEBR).