Climate Adaptation Will Never Be an Asset Class: Green Insight

摘要

Sign up to receive the Green Daily newsletter in your inbox every weekday.In the run up to the 2020 U.S. election, a meme started making the rounds on Twitter. “Transport is climate policy,” someone would tweet above an article about subway improvement.“Childcare is climate policy,” they’d say about a paid maternity leave proposal. The quip applied to almost everything—even voting by mail.The idea was that it all leads back to global warming and how we’re preparing for its effects. Early economic models assumed only outdoor-oriented sectors such as agriculture andtourism would be badly affected. We now know that many facets of society will suffer as the atmosphere warms. Poorer countries will generally be hit the hardest. Richer economies willsee inequality widen.