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|HGF Founder Interview|
HGF founder Karl Schultz was recently interviewed at the 2nd International Conference on Evaluating Climate Change and Development
Supporting climate adaptation in vulnerable communities
We believe that reducing greenhouse emissions is no longer sufficient; we also need to help communities adapt to climate change by reducing their vulnerability to its harmful effects such as flooding, drought, or extreme weather.
To encourage investment in climate adaptation projects, we’ve created the Vulnerability Reduction Credit, or VRC, an economic measure of the effects of such projects in reducing vulnerability. The VRC is a tradable certificate that a project has met and is meeting its adaptation targets.
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Depending on how much the climate changes, adaptation needs will be in the hundreds of billions of dollars annually and will continue to rise. To help get the adaptation process rolling, we are seeking partners for developing VRC projects; in particular, we are seeking to work with organizations whose bottom lines and enterprise models are most immediately and apparently affected by climate change.
Want to know more?
Download a brief on opportunities for foundations, corporations and developers with Higher Ground here.
Project designers interested in submitting proposals and other interested parties should take a look at our Request for Proposals page.
At the major international conference on global sustainability challenges, Planet Under Pressure, London, March 2012, Higher Ground presented a well received poster which can be found here.
An article prepared by Reuters AlertNet that features Higher Ground: Funding gap stokes interest in market for climate adaptation