BUILD BETTER NOW
Race to Resilience - How to finance the built asset adaptation gap
Monday 8th November 2021, 12pm-1pm
Globally, there will be a $4.1 trillion finance gap for nature by 2050. The annual adaptation costs in developing countries alone are currently estimated to be in the range of $70bn, with this figure set to rise to 280-500bn by 2050. Concurrently, the number of people living in informal settlements is set to rise from 1.2bn now to 3bn by 2050. If the Race to Resilience is to be won, it will require a mass upscaling and diversification of both nature and climate-based investment. Solutions must affordably address the needs of those most vulnerable to the risks of climate change, whilst addressing the intersection between the built and non-built environment. Drawing on the insights of topic experts and practitioners, UKGBC have produced a report that highlights the most prominent challenges to financing climate adaptation in the UK, with a focus on Nature-based Solutions (NBS). Reall and Connected Places Catapult have developed the Sustainable Housing Futures programme, designed to accelerate the financing of climate resilience and mitigation through green, affordable housing.
This event will broaden these discussions of climate adaptation and consider how a wide range of solutions can become more investable at scale. It will draw on a range of international perspectives and insights to identify shared solutions and opportunities for overcoming the current finance gap and taking more holistic and unified action against climate change across both the Global North and South.
This event has been organised by Connected Places Catapult, The Environment Agency and Greater Manchester Combined Authority (GMCA) (as part of the IGNITION project), Reall, UK Green Building Council (UKGBC).