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WEF–BCG White Paper Urges Tech-Driven Climate Adaptation Across Value Chains

The World Economic Forum, in collaboration with Boston Consulting Group, has released a pivotal white paper titled “Climate Adaptation: Unlocking Value Chains with the Power of Technology.” The report underscores the urgency of climate adaptation as 2024 marked the hottest year on record, breaching the 1.5°C global threshold. It emphasizes that climate risks extend beyond individual businesses, affecting entire value chains, thus necessitating collective action and technological integration.

Key insights include the use of frontier technologies like AI, Earth observation, IoT, and drones for predicting and mitigating climate risks. The report outlines opportunities in three major value chains—agriculture, energy, and infrastructure—where digital tools can significantly boost resilience. For instance, precision farming and agri-biotech enhance agricultural output, while microgrids and real-time energy systems support grid stability.

However, challenges persist, including inadequate ROI measurement, lack of standardized adaptation metrics, and limited access to actionable climate data. To address this, the report urges global leaders to build collaborative adaptation platforms, backed by shared data, clear standards, and scalable tech investments.

By positioning adaptation as both an economic and environmental imperative—with benefit-to-cost ratios as high as 43:1 in some sectors—the white paper provides a compelling case for aligning technology with climate resilience strategies.