Study Highlights Role Of Adaption In Addressing Climate Risk
Tuesday, April 5th, 2022 Catastrophe Insurance IndustryA recent report by the U.N.’s Intergovernmental Panel on Climate Change (IPCC) emphasizes the importance of ‘near-term mitigation and adaptation actions’ to avoid the worst consequences of a warming world.
The IPCC report identified 127 main climate-related threats, which were analyzed in the mid- and long-term beyond 2040. It added, however, that the magnitude and rate of climate change and its associated risks depend heavily on near-term mitigation and adaptation.
‘Adaptation plays a key role in reducing exposure and vulnerability to climate change,’ the report says. ‘In human systems, adaptation can be anticipatory or reactive, as well as incremental and/or transformational.’
The report found that between 3.3 and 3.6 billion people currently live in settings that are extremely vulnerable to climate risk. As U.N. Secretary-General Antonio Guterres put it, ‘Nearly half of humanity is living in the danger zone – now.’
