Sourced from GreenBiz
Heavy monsoon rains in South Asia and Hurricanes Harvey and Irma were just a few of the natural disasters that crippled cities around the world last year. Consequently, it was no surprise that World Economic Forum put extreme weather and failure of climate-change mitigation and adaptation right on the top of its global risks list in the Global Risks Report 2018. This leaves us with the question of how cities can become better prepared for a future with more ravaging weather caused by climate change.
Investments in climate adaptation is a necessary expense for cities that wants to safeguard against the negative impacts of a warming climate. But these investments can also provide cities with substantial environmental, social and economic benefits. For example, creating and restoring city parks and coastal wetlands offers the potential to protect freshwater resources, provide more attractive cityscapes, increase biodiversity, and reduce public health expenses, all the while leaving cities better equipped to cope with extreme downpours or floods.
In other words, cost-effective adaptation is good business for cities and private companies alike, as we argue in the Global Opportunity Report, co-authored by UN Global Compact and DNV GL.
Let’s take a closer look at three cities using green spaces as a multipurpose solution to deal with flooding and heavy rains, while reaping a plethora of social and environmental benefits.