Accelerating climate impacts are affecting every asset, system, and economy. In a world beyond 1.5°C, adaptation is foundational to economic stability and long-term value creation.
Morphosis Partner Niall Murphy joined Molly Wood on Episode 123 of Everybody in the Pool to explore why adaptation must not be a predominantly public-sector responsibility, but a functioning market that mobilises private capital at scale.
Today, roughly 90% of adaptation finance comes from public sources. Yet physical climate risks are expanding faster than public budgets can absorb. Without private sector participation, the adaptation gap will continue to widen.
In the conversation, Niall and Molly explore why adaptation should be understood as economic resilience, where commercially viable adaptation opportunities are already emerging, and how private capital must play a central role in building resilience.
The Adaptation Economy is already taking shape. The task now is to build the markets that allow it to scale.
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