1. An economic activity shall qualify as contributing substantially to climate change adaptation where that activity:

(a) includes adaptation solutions that either substantially reduce the risk of the adverse impact of the current climate and the expected future climate on that economic activity or substantially reduce that adverse impact, without increasing the risk of an adverse impact on people, nature or assets; or

(b) provides adaptation solutions that, in addition to satisfying the conditions set out in Article 16, contribute substantially to preventing or reducing the risk of the adverse impact of the current climate and the expected future climate on people, nature or assets, without increasing the risk of an adverse impact on other people, nature or assets.

2. The adaptation solutions referred to in point (a) of paragraph 1 shall be assessed and ranked in order of priority using the best available climate projections and shall, at a minimum, prevent or reduce:

(a) the location-specific and context-specific adverse impact of climate change on the economic activity; or

(b) the potential adverse impact of climate change on the environment within which the economic activity takes place.

3. the Treasury must make regulations to: