The world begins 2021 with a COVID-19 vaccine and the hope of physical recovery from the virus. Now, as we work towards social, economic and fiscal recovery, we can’t forget a crisis we faced even before the pandemic took centre stage—a crisis for which there is no immediate solution. Climate change, manifesting itself in fires, storms, floods and droughts, has continued to trouble leaders of governments and businesses as they’ve worked to address the pandemic. The economic impact alone from climate change is estimated to reach almost US$8tn by 2050, with a disproportionate impact on low-income and vulnerable countries.
