Tag Archives: WRI

Mongabay: Real-world return on climate adaption investments wildly underestimated, report finds

In 2023, Brazilian officials and representatives from several other cities around the nation met for a workshop in Niterói, Rio de Janeiro state as part of the “Nature-Based Solutions Accelerator in Cities” project. Participants discussed ways for improving adaptation and nature-based solutions projects in order to better access climate finance. Image courtesy of Diego Padilha-Yantra Imagens/WRI Brasil.

When it comes to global finance for climate adaptation and resilience, the billions made available to vulnerable countries continues to fall hundreds of billions short of the actual need as climate catastrophes mount annually. In this story for Mongabay, I report on a novel, detailed study by World Resources Institute that is critically important to policymakers and finance leaders who gather at annual UN climate summits.

WRI economist Carter Brandon‘s team evaluated 320 adaptation and resilience grants in 12 mostly tropical countries totaling $133 billion in finance between 2014 and 2024. They found that for every $1 invested there was a return of more than $10 in value in unaccounted for benefits. This came in areas such as permanent infrastructure, job creation, risk management, public health improvements, lives saved, biodiversity protection. These benefits accrue whether or not they are counted or even recognized.

Brandon argues that finance institutions such as the World Bank, IMF and other major eco-financiers should consider these ancillary benefits as they evaluate future grant requests. He emphasized that countries, too, should better understand the full impact of the most effective adaptation and resilience projects and sharpen their finance requests. “What we now can see is that this investment is not only good for resilience,” Brandon told me, “but it’s also a really strong investment in development and public health.”

The Guandu water treatment plant in Nova Iguaçu, Brazil. The facility supplies water to more than 9 million people in Rio de Janeiro. Under the Cities4Forests initiative, WRI conducted a study on the benefits of natural infrastructure for water in five metropolitan regions, including Rio de Janeiro. By restoring forests and protecting watersheds upstream, the Rio de Janeiro project also helps reduce pollution, lower water treatment costs and secure long-term water quality. Image courtesy of Marizilda Cruppe/WRI Brasil.

Mongabay: U.S. policy experts confident of future climate action despite Trump election

The once and future president of the United States continues to mock climate science as if it’s fashion not reality.

No single president U.S. history, just Donald Trump, did more to undermine the trajectory of conservation, forest and species protections, clear air and clean water regulations, and most critically of all, climate action connected to promoting zero-carbon renewable energy while reducing fossil fuel burning during his first term in office. Remarkably, but not surprisingly, none of those issues was discussed much at all during the chaotic, and for Democrats, truncated campaign for the presidency in 2024.

In an election that was suppose to be razor thin but ended up being far less so, American voters decided among many other things that the candidate who still insists climate change is a hoax (residents of Asheville, North Carolina, word like a word with Trump) is the candidate they want back in charge of federal environmental policy. They did so even as he demanded a quid pro quo from US oil barons to fund his campaigns with billions in return for unrestrained drilling and extraction permits. He also vowed once again to remove the United States from the historic Paris Agreement, the only country on earth to do so.

Meeting the urgency of the moment, this story was published on the day it was written: three says after the US election; three days before the start of the COP29, the United Nations climate summit in Baku, Azerbaijan (just north of Iran). In it, two U.S. government experts on climate policy shared during an global virtual press conference what they think the impact of another four years of Trump policies on climate and the environment will be on the U.S. and the world. The fact that they believe it will be less impactful than before is in itself an indictment of a miserable U.S. record of leadership amid the worst crisis humanity has ever collectively faced — accelerating climate change and global warming.

Uncontrollable wildfires in California and across Canada are a deadly reality of worsening climate change, not a political hoax.

Mongabay: Trump failure to lead on climate doesn’t faze UN policymakers in Bonn

Press coveringLast year (May 2016), I was fortunate to cover the first week on the UN mid-year climate conference in Bonn, Germany. This year, under the specter of a US president threatening to pull out of the historic Paris Agreement, I produced a story for Mongabay from my home office in North Carolina. The story is here. Thanks to editor Glenn Scherer for his quick and thorough work. The story quickly hit Mongabay’s Best Read list at No. 5.

In my reporting:

  • Bonn negotiators remain unfazed by Trump’s climate change denialism or his threat to withdraw from Paris. Every signatory nation is going forward with meeting voluntary carbon reduction pledges. Some policymakers do worry how the parties to the Paris Agreement will make up the loss of billions of dollars in U.S. climate aid promised under Obama, but now denied by Trump.