Today, C40, its partner CDP and AECOM released Protecting Our Capital, a new report that highlights the risks climate change poses to businesses in cities – and shows how city government climate adaptation actions are contributing to business resilience.
Of the 207 cities surveyed in the report, 75 percent report that climate change impacts threaten the stability of their local economies. However, more than 75 percent of cities also recognize there are financial benefits in taking action to minimize the impacts of climate change.
The C40 continues to partner on these types of essential reports to better inform the global dialog on these critical issues. Reports like this one also help shape the work of the organization and the efforts of our member cities. Sharing and analyzing information on this issue is of increasing importance for C40 cities, who benefit from understanding the best practices and experiences of other cities in order to improve their own sustainability programmes and target climate change adaptation actions.
“The need to understand and act upon climate risk is a growing priority,” said Kerem Yilmaz, C40 head of research. “That’s why these cities are taking steps right now to help create more climate-resilient communities, economies and infrastructure. Their commitment to measuring and reporting on this critical issue is accelerating action by enabling cities to identify common challenges and work together to spur and implement solutions.”
To read the full report, click here.
To read the press release, click here.