Peter Niggli

Climate change is costing us dear. Unless we rein it in, there will be more failed harvests, flooding in low-lying coastal areas, disease, mass migration and armed conflict over resources. Stopping it also comes at a price. It would mean completely switching energy generation, industrial production and transport systems to renewable energy sources – which is what the concept of climate protection means. Moderate estimates are that as of the year 2020, US$200 billion will have to be invested every year in emerging and developing countries. In addition, 50 billion would need to be invested annually in adaptation to climate change. This would include coastal protection systems for coping with rising sea levels, altering water courses or resettling communities in the countries affected, to mention but a few points.

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