Financing climate innovation is one of the topics of the "Innovating for Climate Change & Sustainability Toolkit" which is being developed under the Erasmus+ Project "Collective Innovation to Fight Climate Change".
The projected market value losses could rise by more than 200% if warming reaches 5°C as compared to 1.5°C. The socioeconomic impacts from climate change and extreme weather will be felt differently across different sectors. Research suggests that every dollar invested in climate adaptation could result in 2 to 10 USD of net economic benefit. So, investing in sustainable environment and innovation climate solutions is financially and strategically one of the best decisions for the companies including SMEs but the reality is slightly different.