They want to invest $1.8 trillion over the next decade in climate adaptation—and see the potential for enormous gains.

As climate change fuels bigger disasters—from Hurricane Dorian leveling parts of the Bahamas to heat waves this summer that prematurely killed nearly 1,500 people in France—the world needs to act now to become more resilient, says a new report from a global commission led by Bill Gates, Ban Ki-moon, and Kristalina Georgieva, who is on leave as CEO of the World Bank. The changes are in the world’s economic self-interest: The report calculates that some of the key investments needed could generate $7.1 trillion in total net benefits.

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