The ability of societies and economies to thrive in the future hinges upon today's actions. BCG works with national and local governments and corporates to ensure they are prepared to safeguard populations and environments and build climate-risk resiliency.
Climate change is here, and we are experiencing its effects through increasingly frequent heatwaves, floods, and fires that are costing lives, impacting economies, and damaging natural ecosystems. Depending on which temperature rise scenario is considered, total economic output is projected to decline between 4% and 18% by 2050, according to research by Swiss Re Institute. And despite climate adaptation and resilience being high on the COP27 agenda, most governments and businesses remain largely unprepared.
BCG is working with both national and local governments and companies to assess their exposure to climate risks, support their climate adaptation and resilience strategies, develop their solution responses, and mobilize funding in order to build maximum protection for people, the economy, and natural ecosystems.
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Alberto Milvio, former CFO of Autostrade per l’Italia Group, and Concetta Testa, head of sustainability, share how the company is working to realize sustainable infrastructure.
Our climate adaptation consulting experts supported a Southeast Asian city to identify priority actions to deliver resilience against a range of anticipated sea-level rise scenarios. Different solutions were assessed from a social, economic and natural asset perspective to provide a rigorous analytical fact base for both the development of project solutions as well as the design of an effective national adaptation plan.
Our climate resilience consulting experts supported a megacity government in West Africa to enable data-driven decision-making regarding building their climate-resilience by determining the cost of climate inaction in terms of population affected, damage to infrastructure, and impact on the city's GDP. Based on this, an A&R project pipeline was developed with financing from both the public and private sectors.
Our climate risk assessment experts reviewed a major developed country’s official A&R strategies to both determine the best starting point and assess gaps against best practices and then designed an approach and timeline of action required to develop a national adaptation plan within a short timeframe.
Our climate risk consulting experts developed an analytical approach to assess impact across the broad span of climate risks to the assets of a main roads' infrastructure operator, informing strategic considerations on the most-relevant areas for resiliency intervention.
As part of our ongoing collaboration with the UN Climate Change High-Level Champions, BCG has conducted research and analysis to outline the context, challenges, and requirements to achieve the Sharm el-Sheikh Adaptation Outcomes by 2030. This work has been captured in a series of deep-dive reports, launched at COP27.
In these reports, we explore the adaptation outcomes in four key areas, highlighting what is needed to meet these bold yet actionable targets. Our reports build on our global experience of supporting leaders across the public and private sector in defining their pathways to climate adaptation and resilience.
There is an adaptation and resilience financing gap that needs to be met. Enabling these flows requires a fundamental transformation of the financial system.
Only ~20% of country governments are planning the necessary A&R actions. Stakeholders need to come together now to plan, fund, and implement A&R actions.
We are on the brink of a catastrophic and multifaceted food crisis. Systemic transformation is needed to fortify against climate impacts and reduce emissions.
Most cities are underprepared, underfunded, and have inadequate resources to address climate impacts. There is an urgent need to mobilize funding and take action.
Hamid Maher explains the importance of AI when tackling climate change, helping decision-makers take action by forecasting both immediate and long-term hazards. This content was paid for by Boston Consulting Group and produced in partnership with the Financial Times Commercial department.
BCG’s Dave Sivaprasad and Charmian Caines consider the role that advanced planning mechanisms and financing play in helping the world achieve its climate goals.
The impacts of climate change—including increased floods, droughts, and fires—may put the SDGs further out of reach. That’s why investments in A&R are so vital.
Advanced analytics and artificial intelligence can be used to help manage challenging issues related to mitigating climate change and improving adaptation and resilience.
BCG’s delegation of leaders will be at COP28, the UN Climate Change Conference, where they will work alongside public, private, and social sector leaders to accelerate climate action and advance adaptation and resilience. Learn more about our in-person and virtual programming.
Our experts in climate resilience consulting and climate adaptation consulting help both private and public sector clients identify and address their most pressing vulnerabilities surrounding climate impact. Here are some of our experts on the topic.
