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  • CommentaireDevelopment Finance

    Adaptation keeps losing to mitigation because an avoided loss is not a cash flow

    The ten-year Treasury averaged 0.89 percent in 2020 and 4.29 percent in 2025, and at those rates a dollar of avoided damage arriving in thirty years is worth 76.7 cents and 28.4 cents. Turning that dollar into a cash flow needs a named obligor, and the party that funds a defence is rarely the party whose balance sheet it repairs.

    Par Jag DeSaint