15 NOV,2021 | MEDC
Ten global organizations have launched a Global Resilience Index Initiative (GRII) at the recently held COP26 Climate Change Conference. Such an index will prove useful, given the rising costs worldwide (both financial and human) of climate change over the past decade. GRII will provide a globally consistent model for the assessment of resilience across sectors and geographies. Uncertainties will continue to remain, but this index will hopefully make our systems and economies more resilient to climate disruption. In the investment field, GRII could enable asset owners to compare portfolio risks across geographies and hazards, and plan their allocations accordingly. The bottom line is for policymakers to prioritize adaptation, because climate change and global warming disproportionately affect society’s most vulnerable sections. Investing in adaptation to help countries and businesses become more resilient is thus critical to sustainable socioeconomic growth.
*Photo Credit: Google