JPMorgan Touts Returns From Protecting Against Weather Shocks

The private sector isn’t spending nearly enough on adaptation, leaving potentially huge returns on the table, according to JPMorgan Chase & Co.’s global head of climate advisory.

Adaptation — the process of protecting assets against the physical damages associated with weather shocks such as wildfires, floods and droughts — has taken on a new urgency with the world now on track for warming of roughly double the critical threshold of 1.5C.