Scholarly record
THE ROLE OF CLIMATE CHANGE IN DEVELOPING ADAPTATION STRATEGIES AND MAKING SUSTAINABLE INVESTMENT DECISIONS TO ADDRESS IT.
Abstract
This article examines how the impacts of climate change are assessed during the formulation of adaptation strategies and sustainable investment decisions. The purpose of this discourse is to determine, based on thorough analysis, the most effective methods for mitigating the detrimental effects of climate change. The analysis identified notable disparities in the climate change adaptation strategies implemented across various regions. It was concluded that sustainable investments depend on the integration of scientifically validated data and the adoption of innovations in information and communication technologies to combat climate change. To facilitate effective adaptation measures, the sustainability of investments in green technologies must be strengthened to create new opportunities for sustainable economic development. Additionally, emerging guidelines should be proposed to develop appropriate policies and strategies for climate change adaptation, reflecting regional specificities while concurrently addressing environmental and economic challenges. Undoubtedly, emphasis must be placed on the necessity of collaborative efforts to incorporate adaptation strategies across diverse professional and economic sectors within different regions of Bulgaria and internationally. Furthermore, the primary conclusions of this analysis affirm that climate change, both regionally and globally, results in significant social, economic, and environmental repercussions and poses substantial challenges to contemporary society. Consequently, integrating climate-related information into economic decision-making is essential, and adaptation strategies should aim to create conditions conducive to sustainable development in both the public and private sectors. Climate change significantly influences economic and social processes within regions, thereby necessitating innovative approaches to adaptation and investment, especially in areas identified as most vulnerable.
Publication details
References10
Iris Martine Blom, I., M., Beagley, J., Quintana, A., V., The COP26 health commitments: A springboard towards environmentally sustainable and climate-resilient health care systems?, The Journal of Climate Change and Health, Volume 6, 2022, 100136, ISSN 2667-2782, DOI: 10.1016/j.joclim.2022.100136. https://www.sciencedirect.com/science/article/pii/S2667278222000256
Groene, O., & Lin, M.-N. (2024). Health promotion and climate change in health care organizations: mitigation and adaptation strategies (HPH Policy Brief Series). International Network of Health Promoting Hospitals & Health Services (HPH). https://www.hphnet.org/wp-content/uploads/2024/06/HPH_Policy-Brief_Climate-Change_2024.pdf
Justice and Environment. (2021). Guidance: SEA and EIA on Climate 2021. https://justiceandenvironment.org/wp-content/uploads/2023/10/BG_JandE-Guidance-SEA-and-EIA-on-Climate-2021-BG-final.pdf
European Commission. (2020). Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: EU Biodiversity Strategy for 2030 - Bringing nature back into our lives (COM/2020/380 final). EUR-Lex. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A52020DC0380
Usman, S., Parker, M., & Vallat, M. (2025). Dry-roasted NUTS: Early estimates of the regional impact of 2025 extreme weather. SSRN Electronic Journal. DOI: 10.2139/ssrn.5484206
European Advisory Council. (n.d.). The Economic Impact of Climate Change. Global 21. https://global21.eu/download/Economic_Impact_Climate_Change_EAC.pdf
Report Sarafova, E. Data quality assessment of Copernicus Climate Change Service health domain data for the development of disaster risk reduction plans. Journal of the Bulgarian Geographical Society, 46, 2022, 13-23.
Atanasova, A. Ecological urbanism-some facts and issues. International Multidisciplinary Scientific GeoConference: SGEM, 20(6.1), 2025, 549-554.
Borisov, P., Radev, T., Тhe role of bulgarian farmers in promoting climate-resilient agricultural practices: DOI: 10.37075/JOMSA.2025.2.10. Journal of Management Sciences and Applications, 4(2), 2025, 283-291, https://www.jomsa.science/index.php/jomsa/article/view/132
Popa, R. G., Bălăcescu, A., Pecingină, I. R., Pătrașcu, A., Toader, F. A. Sustainable Agriculture and Green Economy Using Intercropping Agronomic Systems: Comparative Analysis of Two Blackcurrant-Walnut Planting Configurations. Sustainability, 2026, 18(10), 4679.