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Protecting our capital: how climate adaptation in cities creates a resilient place for business

The majority of the world’s major cities have disclosed that climate change presents a physical risk to the businesses operating in their cities. This real and current threat is driving local governments to take concrete action in response finds this fourth CDP Cities Annual Report released by CDP in partnership with Bloomberg Philanthropies, C40 Cities and AECOM. It covers 207 cities from Africa Asia, Europe, Latin America, North America, South Asia and Oceania The majority of the world’s major cities have disclosed that climate change presents a physical risk to the businesses operating in their cities.

This real and current threat is driving local governments to take concrete action in response, so finds Protecting our Capital, a new report from CDP, AECOM and C40 Cities Climate Leadership Group (C40). Cities generate more than 80% of global GDP, are home to more than half the global population and consume two thirds of the world’s energy. They are also on the frontline of climate change. Accordingly, 207 cities including Johannesburg, London, New York, São Paulo, Sydney and Tokyo, have disclosed their climate change strategies and actions through CDP. This is nearly double the 110 cities that disclosed last year, demonstrating the increasing importance that city administrations place on their environmental accountability and performance monitoring.