Forbes contributor, Mark P. Mills, highlighted the GAIN Index in his Nov. 28 Energy Intelligence column, New York, Black Swans, Blackouts and Anti-Fragile Grids. Mills, founder and President of the energy consultancy Digital Power Group and Senior Fellow at the Manhattan Institute, reflects on Hurricane Sandy’s aftermath and the necessity of ensuring resilient urban energy infrastructure:
Electric power for urban areas is the fundamental infrastructure on top of which the rest operate. It’s more than lights and heat; it’s pumping gasoline, water, and sewage, keeping food cool and moving elevators. And it’s citizen and emergency communications, and community smartphone apps that help people help each other. The electric dependency of every aspect of modern society is hypertrophied in cities.
Mills notes that the GAIN Index is a key force in promoting innovation and engineering that considers adaptation needs:
GAIN’s founder and CEO, Juan José Daboub, is an engineer by training and consummate financial diplomat. Despite or perhaps because of his previous duty at the World Bank, he has a keen appreciation for the role of the private sector and the value of metrics. GAIN created an open-source system to quantify two key metrics: vulnerability and readiness. Their first just-released global index provides rankings at the country level. As Daboub is quick to point out, this is a first step, with more work to be done. What’s next? Measurement indices for cities, localities? Daboub has shown a way forward, and a framework.
You can read more of Mill’s articles and analysis on energy, technology and economics, here, on Forbes.com.
Erratic weather events around the world continue to increase in cadence including drought, flooding, hurricanes and drought and dry brush, which has caused fires such as in Colorado. The Global Adaptation Institute (GAIN) offers a tangible solution – the GAIN Index. This navigation tool has been designed to help investors prioritize investment in adaptation, an urgent need for the world’s most vulnerable who are being affected by climate change, urbanization, population growth and other global challenges.
WASHINGTON, DC – Global Adaptation Institute (GAIN) Founding CEO Dr. Juan José Daboub will present the GAIN Index during a meeting at the U.S. Agency for International Development (USAID) on Wednesday. The GAIN Index ranks 161 countries in terms of vulnerability and readiness to adapt to global challenges such as climate change.
“This navigation tool is used to help prioritize investment in adaptation, which is urgently needed to build resilience for some of the world’s most vulnerable,” said Dr. Daboub. “The GAIN Index has been presented to high-level groups around the world including most recently at Rio+20 in Brazil. Feedback has been positive and many have expressed excitement for the release of the GAIN Index 2012 this fall.”
In his presentation, Dr. Daboub will focus on the opportunities in adaptation and the need for private sector investment to make the greatest impact. To give perspective on the urgent need to adapt, a minimum of $70 billion per year by 2020 and up to $100 billion per year by 2050 will be needed to pay for adaptation, according to the World Bank report “The Economics of Adaptation”. The public sector must provide an enabled environment for private sector investment, as resources are likely to originate mostly from private sector funding. Allocation from the public sector is estimated at a projection of less than 1 percent.
A few of the overarching themes of the GAIN Index include:
- The vast majority of countries in the world offer plenty of opportunities for investment in adaptation. 86 percent of countries score above the middle score in the economic readiness scale. 75 percent of countries score better than the middle score in governance and in social readiness.
- 90 percent of countries in the Americas have improved their average readiness in the past 15 years. That is 29 countries out of 32.
- To compare investment opportunities among the countries, we have evaluated countries’ improvements in adaptation relative to other countries of similar wealth (measured in GDP per capita). We have found that:
From 1995 to 2010, 68 out of 175 countries have consistently shown better-than-expected achievements in adaptation than other countries of comparable wealth.
Of those 68 countries, 29 are in Europe, 15 are in Asia, 13 are in Africa, 10 in the Americas, and 1 in the Middle East.
Another 37 countries have achieved better than expected results in adaptation than countries of comparable wealth in most of the 16 years of study.
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The Global Adaptation Institute (GAIN) is a nonpartisan, nonprofit 501(c)3 organization guided by a vision of building resilience to climate change and other global forces as a key component to sustainable development. Please visit us at: gain.org
Rio de Janeiro, Brazil
Global Adaptation Institute (GAIN) Director of Science & Technology Dr. Bruno Sánchez-Andrade Nuño, along with a data mapping team that has worked with clients such as the U.S. Department of State, will bring the discussion of adaptation and the GAIN Index to Rio de Janeiro, Brazil, for the U.N. Conference on Sustainable Development June 20-22. With 115 heads of state and 60,000 delegates from around the world, a navigation tool like the GAIN Index will offer a tangible approach towards building resilience amongst the world’s most vulnerable people.
GAIN Chief Scientist Dr. Ian Noble was featured in the second quarter edition of Children’s Future, a Swedish magazine dedicated to covering global outlook and development.