Global bank urges cities to invest in new infrastructure to adapt to climate change

The impacts of climate change on weather, sea levels, food and water supplies should be seen as an investment opportunity for our cities, says global investment banking firm Goldman Sachs.

Our cities need to adapt to cope with more extreme
 weather events and other impacts from climate change.

In a report out last month the bank says cities need to adapt to become more resilient to climate change and this could “drive one of the largest infrastructure build-outs in history”.

The bank says cities will be on the frontline of any need to adapt because they are home to more than half the world’s population and generate roughly 80% of global GDP.

Read the story from The Conversation by a Senior Lecturer from the Faculty of Built Environment at the UNSW, Elisa Palazzo -  “Global bank urges cities to invest in new infrastructure to adapt to climate change.”