Standard Chartered Bank

Standard Chartered announced today the launch of its latest research report titled ‘The Adaptation Economy’ which investigates the need for climate adaptation. The report revealed that a AED10 billion adaptation investment to withstand projected climate damage could contribute more than AED 100 billion to the country’s gross domestic product by 2030. The research features 10 markets, including the UAE, India, China, and Pakistan, and highlights that the lack of action could cost billions in climate damages and lost GDP growth this decade. Across the entire study, without a minimum investment ...