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The Costs to Developing Countries of Adapting to Climate Change: New Methods and Estimates
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The Costs to Developing Countries of Adapting to Climate Change: New Methods and Estimates
The Global Report of the Economics of Adaptation to Climate Change Study - Consultation Draft
Summary
The World Bank is working with seven pilot countries - Bangladesh, the Plurinational State of Bolivia, Ethiopia, Ghana, Mozambique, Samoa and Vietnam on a new study, the Economics of Adaptation to Climate Change. The study is funded by the Governments of the United Kingdom, Netherlands, and Switzerland and will help inform the international community’s efforts to provide new and additional resources to developing countries through a better understanding of the global costs of adapting to climate change. It will also help decision makers at the national level to better cost, prioritize, sequence and integrate robust adaptation strategies into their development plans and budgets in a context of high uncertainty, competing needs and limited financial resources.
While national governments have to protect their most vulnerable people and identify financing mechanisms to make their countries resilient to climate change, these costs of adapting to climate change are not known.
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