Climate Adaptation to Top $4 Trillion in Sales by 2050, GIC Says

Revenue generated by climate adaptation could hit $4 trillion by 2050 and deliver investment opportunities in sectors from firefighting technology to flood insurance, according to a report co-authored by Singapore’s sovereign wealth fund.

Analysts at GIC Pte, which manages an estimated $880 billion, and Bain & Co. identified key industries exposed to the adaptation theme, as some sustainability-focused investors begin to look beyond efforts to reduce greenhouse gas emissions and examine work to protect assets against the impacts of extreme weather.

Companies offering adaptation solutions are “emerging as a complementary and increasingly investable part of the broader climate ...