Innovation and adaptation in the climate crisis: technology for the new normal

There are multiple interdependent approaches to climate adaptation, including economic incentives, policy and regulation, locally-led intervention, and nature-based approaches. Technology is a key enabler across all of them – helping leaders not only to assess climate risk but also to identify solutions and to build resilience in the real world. Data-driven and digital technologies, in particular, will be a critical source of adaptive value protection and creation. Advances in these technologies – particularly artificial intelligence (AI) – have been one of the major stories of 2023. This report outlines the roles that data-driven and digital technologies can play in supporting climate adaptation, from strengthening risk analytics and climate-proofing supply chains to powering R&D and discovery processes to yield the next generation of climate technologies.