WEBVTT 1 00:00:00.240 --> 00:00:02.960 - How will climate change affect individual countries? 2 00:00:03.880 --> 00:00:05.960 Quantifying that impact is critical 3 00:00:05.960 --> 00:00:08.440 in a connected global economy where, for example, 4 00:00:08.440 --> 00:00:11.520 trade accounts for more than 50% of GDP worldwide. 5 00:00:13.080 --> 00:00:17.360 My name is Adam Costarino, and this is my Impact in Sixty. 6 00:00:17.360 --> 00:00:19.320 (upbeat music) 7 00:00:19.320 --> 00:00:21.240 Adaptation and resilience efforts 8 00:00:21.240 --> 00:00:23.280 have generally been considered unbankable, 9 00:00:23.280 --> 00:00:25.480 difficult to pinpoint potential ROI. 10 00:00:25.480 --> 00:00:27.880 And it can be hard for the public sector to act 11 00:00:27.880 --> 00:00:30.360 based on what the future might look like. 12 00:00:30.360 --> 00:00:32.400 That's why BCG has been working with governments 13 00:00:32.400 --> 00:00:33.960 to quantify the range of impact, 14 00:00:33.960 --> 00:00:35.560 building macroeconomic models 15 00:00:35.560 --> 00:00:37.680 for countries that are particularly vulnerable 16 00:00:37.680 --> 00:00:39.360 to the effects of climate change. 17 00:00:41.040 --> 00:00:44.400 By comparing scenarios with and without adaptation, 18 00:00:44.400 --> 00:00:46.080 we define the cost of inaction. 19 00:00:47.160 --> 00:00:48.840 And with these numbers in hand, 20 00:00:48.840 --> 00:00:51.120 policymakers can prioritize projects, 21 00:00:51.120 --> 00:00:53.040 enact policy, and secure funding 22 00:00:53.040 --> 00:00:56.400 for a future that will benefit the global economy. 23 00:00:56.400 --> 00:00:58.000 And that's my Impact In Sixty. 24 00:00:58.000 --> 00:01:00.600 (upbeat music)