WEBVTT

1
00:00:01.000 --> 00:00:03.120
- The stakes have never been higher.

2
00:00:03.120 --> 00:00:04.720
Now is the time for government

3
00:00:04.720 --> 00:00:07.240
and business to take decisive action

4
00:00:07.240 --> 00:00:09.480
to drive the climate-resilient societies

5
00:00:09.480 --> 00:00:11.280
and economies we need to see.

6
00:00:11.280 --> 00:00:13.200
- There's a global cost of inaction.

7
00:00:13.200 --> 00:00:17.040
By the end of the century,
investing 2 to 3% of global GDP

8
00:00:17.040 --> 00:00:18.200
in climate mitigation

9
00:00:18.200 --> 00:00:22.400
and adaptation could avoid
10 to 15% in GDP losses,

10
00:00:22.400 --> 00:00:23.520
offering a five

11
00:00:23.520 --> 00:00:26.920
to six times societal
return in avoided damages.

12
00:00:26.920 --> 00:00:30.160
- Climate risk isn't just a
global environmental issue.

13
00:00:30.160 --> 00:00:32.440
With the things at play
and the magnitude at play,

14
00:00:32.440 --> 00:00:35.960
it needs to be a top priority
on every CEO's agenda.

15
00:00:35.960 --> 00:00:38.880
- In a world where current
policies are still drastically

16
00:00:38.880 --> 00:00:42.320
insufficient to safeguard
humanity's future on this planet,

17
00:00:42.320 --> 00:00:43.560
there's not a small likelihood

18
00:00:43.560 --> 00:00:45.760
that these policies will change,

19
00:00:45.760 --> 00:00:47.760
and companies that do
not prepare themselves

20
00:00:47.760 --> 00:00:50.560
for this will risk higher costs.

21
00:00:50.560 --> 00:00:51.960
- Up to 25%

22
00:00:51.960 --> 00:00:54.320
of companies' profits could
be at risk within the

23
00:00:54.320 --> 00:00:55.600
next two decades

24
00:00:55.600 --> 00:00:56.640
if they don't prepare

25
00:00:56.640 --> 00:00:58.720
for the currently expected
three degrees world.

26
00:00:58.720 --> 00:01:02.200
Adaptation investments
can yield returns as high

27
00:01:02.200 --> 00:01:05.320
as $19 for every dollar invested.

28
00:01:05.320 --> 00:01:08.920
Climate resilience isn't
just safe, it is economic.

29
00:01:08.920 --> 00:01:09.920
- Meaningful

30
00:01:09.920 --> 00:01:12.600
climate progress depends on
public-private collaboration

31
00:01:12.600 --> 00:01:16.160
to create incentives, policies,
and shared infrastructure

32
00:01:16.160 --> 00:01:18.600
for net zero. Early climate movers don't

33
00:01:18.600 --> 00:01:20.280
just mitigate the risks,

34
00:01:20.280 --> 00:01:22.280
they can unlock growth opportunities,

35
00:01:22.280 --> 00:01:25.000
better talent attraction,
and long-term resilience.