Climate resilience is a strategic investment in future growth
A tract of Amazon jungle is cleared by loggers and farmers in Iranduba, Amazonas state, Brazil, Aug. 20, 2019. (Reuters)
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For emerging markets and developing economies, or EMDEs, investing in resilience is not a luxury; it is an imperative. Climate disasters and ecological degradation are impeding their economic prospects and straining their finances. Perhaps more importantly, these shocks are exacerbating unsustainable debt burdens at a time when donor countries are slashing development aid, making it harder for EMDEs to finance investments in climate adaptation.
