McKinsey quote of the day

“Something that should make us careful about adaptation and resilience numbers, which is also highly relevant for financing, is that so much of what we need to do in adaptation and resilience is interwoven with development and mitigation. We had the example of the mangroves: It’s good for fisheries...It protects you against storm surges and is actually very good at sequestering and storing carbon. It’s mitigation, development, and adaptation rolled into one."

Nicholas Stern, IG Patel Professor of Economics and Government and Chair, Grantham Research Institute at LSE, in "What will it take to scale investment in adaptation and resilience?" from McKinsey’s COP26 Daily coverage