Infrastructure or ecosystems? Nature or economic development? Historically, those have been the tensions expressed about investing how we innovate, grow economies, reduce the impact of disasters, and alleviate poverty relative to preserving natural systems and ecological integrity.
Climate adaptation has shifted the terms of this long-standing debate. Traditional gray infrastructure is harder to design and maintain to be resilient. Nature-based solutions (NbS) work better in some situations, such as when we need more flexibility or face higher levels of uncertainty. Is a middle ground appearing?
In this episode of the
ClimateReady Podcast, we bring in Dr. Elena Lopez Gunn to discuss her leadership to study, demonstrate, and ultimately quantify the insurance value of nature through a project she is leading known as
NAIAD. This EU-funded project aims to expand the evidence base around NbS for reducing flood and drought risk while creating the business and financial frameworks necessary for operationalizing these approaches.
After our main interview Al Meghji, an MPA candidate at Cornell University, sends us a “Postcard from the Future” for a glimpse into the world of 2070 and some advice on how we can focus our efforts now to create a more equitable and livable society in the future. Stick around until the end for next year’s winning lotto numbers!
Tags: ClimateReady Podcast, Nature-based solutions, NAIAD, ecosystems, Disaster Risk Reduction, insurance, Europe, Natural Infrastructure