US EditionPortugal Must Invest in the Good to Be Able to Support Meteorological Phenomena
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“ Portugal currently invests about $200 million per year in climate change adaptation measures, a value that corresponds only to 43% of the investment needed to protect the country from the impacts of the weather phenomena beyond the standards of the developed economies”, concluded McKinsey Global Institute (MGI), in the study ‘Advancing adaptation: Mapping costs from cooling to coastal defences’. Also, according to the report, Portugal has 10 p…
Each year, Portugal invests about EUR 171 million in climate change adaptation measures, which is 43% of the value needed to protect itself from extreme weather phenomena, the McKinsey Institute concludes.
A study by the McKinsey Institute warns that the country will have to multiply by 10 the annual investment by 2050 to respond to the increase in exposure to extreme heat, dryness and fillings.
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