New cities study offer insight into resilience and competitiveness

TC Ruby in action

TC Ruby in action

A new report by WWF and Bank of the Philippine Islands (BPI) Foundation says that integrating climate vulnerability, socio-economic sensitivity and adaptive capacity into urban planning can help cities become more resilient and businesses more competitive. The Phillippines may have bore the brunt of several extreme weather events such as typhoons and floods in recent years, but this is not an excuse for businesses to stay away from investing in the archipalego. To help policymakers and private sector leaders understand business risks and opportunities in the country “through the climate lens”, the World Wide Fund for Nature (WWF) and Bank of the Philippine Islands (BPI) Foundation have launched a new study that offers a look into the future of 16 major cities. The report titled “Business Risk Assessment and the Management of Climate Impacts”, launched at an event held last month at the Ayala Museum in Makati, is based on existing climate science studies, city-specific socio-economic data and from experiences of local stakeholders. The study is the final installment of a series of reports launched in phases in 2012 and last January…READ ON

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