Climate Change Adaptation

From Open Risk Manual

Definition

An economic activity shall be considered to contribute substantially to Climate Change Adaptation where that activity contributes substantially to reducing the negative effects of the current and expected future climate or preventing an increase or shifting of negative effects of climate change[1]

Adaptation Means

  • preventing or reducing the location and context specific negative effects of Climate Change, which shall be assessed and prioritised using available climate projections, on the economic activity;
  • preventing or reducing the negative effects that climate change may pose to the natural and built environment within which the economic activity takes place, which shall be assessed and prioritised using available climate projections.

See Also

References

  1. Technical Expert Group on Sustainable Finance Taxonomy, Technical Report, June 2019