Never in history has a society known so much about the processes that shape its future and obtained a wealth of forward-looking weather and climate information – yet pre-emptive (and precautionary) action is not taking place as widespread as it could be.

David Bresch, professor for Weather and Climate Risks at the ETH Zürich, gave a talk on the Economics of Climate Adaptation (ECA) methodology, which enables decision makers to understand and quantify the impact of climate change and to identify actions to minimize that impact at lowest cost.