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Climate adaptation spending is increasing – but not fast enough

Kit Gillet

In his now infamous presentation at a Financial Times conference, HSBC Asset Management’s former head of responsible investing, Stuart Kirk, suggested there should be more focus on climate adaptation. He may have a point.

The climate is changing fast, with record high temperatures and wildfires across Europe just the latest sign of a planet warming up. Yet while money is pouring into efforts to mitigate climate change, far less is being invested in climate adaptation to prepare us for this new, hotter and more unpredictable world.

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