Are climate-change adaptations tied to protecting property or people? Study follows the money
The numbers showed a high contrast between cities in more economically advanced countries and those in developing nations. New York spent $2.26 billion (0.22% of its city GDP), while Addis Ababa spent $21 million (0.14% of its city GDP). In fact, essentially all the wealthy cities spent about 0.22% of their city GDP on measures responding to climate change, while the developing cities mostly spent around 0.16%. (The exception was Beijing, which spent 0.33% of its city GDP, or $1.19 billion). Sliced another way, Paris spent the most per person ($553.76), while Addis Ababa spent the least ($6.56), followed closely by Lagos ($7.69).
