From Ian Allison - Global Head of climate resilience:
"The increasing severity and frequency of acute (short term) weather events as well as worsening chronic (long term) climate impacts such as sea level and temperature rises will expose these vulnerabilities. The effects will not be restricted to the developing world, but will also be experienced in the advanced economies where service systems are becoming ever-more complex, integrated and inter-reliant. Running in parallel will be huge investment in global infrastructure to serve all these population trends as well as a constant expectation of a better quality of life. Extrapolating this forward a couple of decades and current trends indicate that losses due to climate impacts will reach a global cost of US$1trn a year."