Recalling the tragic floods that devastated the Valencia region, the Spanish economist and lawyer underlined the inevitable economic effects of increasingly frequent and intense extreme weather events.
Invest in preventing climate disasters, has been the slogan. Nadia Calvinopresident European Investment Bank(HORSE)He spoke to ‘Euronews’ at COP29 in Baku. Calviño emphasized the importance of the private sector and the economy. promoting the green transition. The Spanish economist and lawyer emphasized that investing in adaptation is as important as investing in prevention.
Drawing attention to the tragic floods that devastated the Valencia region, he underlined its inevitable economic impact. extreme weather eventsIt is becoming more frequent and more intense.
Climate action is the top priority in the coming years
“It’s clear that we need to invest in resilience, adaptation and prevention. A dollar invested in adaptation and resilience saves five to seven dollars in repairs and damage compensation. And, of course, there are some investments as well.” irreparable damage, like loss of human life“, said Nadia Calviño, president of the European Investment Bank.
In a tweet from the social network complex geopolitical landscapebut climate action remains more urgent than ever. For this reason, we allocate more than half of our annual loans to financing. ecological transition In the EU and beyond.
According to research conducted by the European Investment Bank, 94 percent of the world’s population thinks so.climate action should be a top priority in the future.
