How entrepreneurs can help developing countries hard hit by climate change – Georgina Campbell Flatter

Georgina Campbell Flatter, Executive Director at MIT Legatum Center, Senior Lecturer in Technological Innovation, Entrepreneurship, and Strategic Management

From Entrepreneur

Discussions around climate change solutions regained steam last November when a federal report indicated the negative impacts on public safety and the economy are now being felt across the United States. Even if governments are able to implement policies that reduce carbon emissions and mitigate this trend over the long term, countries must build resilience now for increasingly extreme weather events, shifting energy demands and new challenges for industries like insurance, tourism and agriculture.

In terms of both economic losses and human casualties, climate change affects developing countries most acutely because they lack the infrastructure and resources that help richer countries endure. Consider, for instance, that from 1997 to 2016, extreme weather events like flash floods killed more than half a million people, and of the 10 countries hit hardest, nine were in the developing world. Technologies like radar, satellites and weather stations are expensive to implement, so large swaths of the world still lack access to modern weather data. The result is that the world’s most weather-sensitive communities also have the lowest quality weather information, a disparity which climate change will only exacerbate.

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