Businesses need to have access to finances to support their effort to avoid, minimise and insure against the impact of climate change on their business. Those who insure wisely are the quickest to recover after events.
There are many barriers to accessing finances. The high cost with retrofitting existing buildings or relocating is not attractive when managing existing larges debts.
There is also limited financial mechanisms for business to access low-interest loans. Those that do exist are hard to access or have a high level of administration requirements.
The finance sector itself is also vulnerable. Huge insurance settlements are becoming the norm. Increased insurance premiums are making it tempting for businesses to cut back on insurance and accept more risk.