HOW TO ADAPT TO EXTREME HEAT
Business Today India|January 19, 2025
India is vulnerable to extreme heat and yet unprepared. But various initiatives provide a glimpse of what is possible when collaboration and ingenuity come together
TARUN KHANNA
HOW TO ADAPT TO EXTREME HEAT

VIRTUALY EVERYONE AGREES that the world is going to blow past its Paris Accord commitments regarding Greenhouse Gas Emissions (GHG). Most accept that world temperatures will rise more than 1.5° C above pre-industrial levels, and possibly much worse. More extreme weather will result, more often. Whether it is heat in Paris or New Delhi, or floods in Valencia or Karachi, climate change is hitting everyone.

In this maelstrom, most funding is going towards climate mitigation—that is, preventing the worsening of climate change, primarily through arresting how much carbon we continue to spew into the atmosphere. While the world learns to live within its limited remaining carbon-budget, we also have to invest in climate adaptation, learning to live with the extreme weather that is already here.

An article in The Economist a couple of years ago provided some ballpark numbers. Adaptation is clearly the stepchild of climate change response. The developing world is spending less than 20% of the $140-300 billion it needs to spend annually on adaptation; other estimates say it's as little as 5%. Rich countries reluctantly committed at COP to fund a Loss & Damages fund for the poorer countries. Even the insufficient annual $100 billion funds agreed to then have not been forthcoming, let alone more recent inflated promises. Nor is the private sector stepping up without line-of-sight to more proximate returns, providing less than 2% of climate adaptation funding. The policy conditions needed to crowd-in the private sector have to be created. Those reluctant to fund adaptation worry that doing so will reduce the urgency to mitigate.

Bu hikaye Business Today India dergisinin January 19, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today India dergisinin January 19, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
"Do what's best for employees"
Business Today India

"Do what's best for employees"

BEST ADVICE - PANKAJ JATHAR | CEO | NIIT LTD

time-read
1 min  |
January 19, 2025
Your Palate for 2025
Business Today India

Your Palate for 2025

What's in store for you in the New Year when you go out for a meal or a drink? We ask industry experts to predict F&B trends for 2025

time-read
4 dak  |
January 19, 2025
"RBI'S STANCE SHOULD BE TO KEEP THE RUPEE MORE VOLATILE"
Business Today India

"RBI'S STANCE SHOULD BE TO KEEP THE RUPEE MORE VOLATILE"

Axis Bank Chief Economist Neelkanth Mishra talks about the rupee, quantitative easing, the Trump impact, and more

time-read
8 dak  |
January 19, 2025
"We should strive towards two non-zero GST rates"
Business Today India

"We should strive towards two non-zero GST rates"

Arvind Panagariya, Chairman of the 16th Finance Commission, on further reforms in the economy, the Nehruvian era and its impact on policymaking, cash transfers, and more

time-read
10 dak  |
January 19, 2025
A GENERATION MAROONED
Business Today India

A GENERATION MAROONED

This generation is creating new grammar for social and professional existence. They are reimagining the very concept of work, identity, and social belonging

time-read
3 dak  |
January 19, 2025
A TIME OF UNCERTAINTY AND OPPORTUNITY
Business Today India

A TIME OF UNCERTAINTY AND OPPORTUNITY

A look at the key trends that will redefine how content will be created, distributed, and consumed

time-read
3 dak  |
January 19, 2025
Consciousness Shaping Consumption
Business Today India

Consciousness Shaping Consumption

India has a dynamic and discerning consumer base, whose consumption pattern is experiencing a significant transformation

time-read
3 dak  |
January 19, 2025
THE NIFTY ELEPHANTS
Business Today India

THE NIFTY ELEPHANTS

The composition of the Nifty 50 index has undergone notable changes in the past 30 years, with only 11 companies consistently remaining in the index. It is expected to undergo further changes in 2025 with the entry of new-age companies like Zomato

time-read
2 dak  |
January 19, 2025
REDEFINING THE DIGITAL AGE
Business Today India

REDEFINING THE DIGITAL AGE

For Bitcoin, its future lies not as a currency but as a cornerstone of the modern financial ecosystem

time-read
3 dak  |
January 19, 2025
THE FUTURE OF HEALTHCARE
Business Today India

THE FUTURE OF HEALTHCARE

As AI advances, so will its role in health insurance. In the future, it shall perform a variety of complex tasks, making it more accessible and aligned with individual needs

time-read
3 dak  |
January 19, 2025