'Investing in climate adaptation brings a much higher return'

Chief Executive Officer of the Global Center on Adaptation, Professor Dr Patrik Verkoijen, has said investing in climate adaptation is not just the right thing to do but is also the economically smart thing to do. "Every dollar invested in climate adaptation brings a much higher return on investment," he said in an interview with UNB noting that Bangladesh is on the frontline of climate emergency. Dr Patrik said addressing climate change is a national priority for the country, and Bangladesh is recognised internationally for its cutting-edge achievements in addressing climate change. The activities of the Global Hub on Locally Led Adaptation (LLA) was launched on December 11 in Dhaka by Prime Minister Sheikh Hasina in an event reinforcing the government of Bangladesh's global leadership on LLA. GCA's research has shown that a dollar invested in weather and climate information services gives between 4 and 25 dollars in benefits. One dollar invested in resilient water and sanitation not only saves lives but it creates between two t and 12 dollars in economic benefits. Dr Patrik said, "We are here to learn. When it comes to adaptation, our best teachers are often those who are on the frontlines of climate change. And few countries have more to teach us than Bangladesh," he said, adding that there is a lot other countries can learn from Bangladesh's approach.

 

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