Valuing Climate Adaptation Helps Us Orient Our Compass Toward Effective and Resilient Pathways

The impacts of climatic shocks are already being felt across Europe and are bound to intensify in line with further climate change. Even rapid and far-reaching progress on decarbonization cannot avoid the extent of climate change that is already locked in due to past emissions. These trends call for urgent climate adaptation investment strategies that can prepare countries for a wide range of climate hazards and their complex impacts across communities and economic sectors. However, formulating concrete investment strategies can be challenging as adaptation needs are vast and difficult to estimate. To overcome this challenge, this report reviews evidence-based prioritization and costing approaches and illustrates their application in a series of case studies. These approaches can support policy makers in identifying bankable and effective adaptation investments, raising and allocating adequate financing, and thus ultimately facilitating more effective climate change adaptation across Europe.

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Bibliographic Details
Main Author: World Bank
Format: Report biblioteca
Language:English
en_US
Published: Washington, DC: World Bank 2024-05-23
Subjects:CLIMATE CHANGE, CLIMATE CHANGE ADAPTATION, CLIMATE CHANGE ADAPTATION IMPACTS, CLIMATE ACTION, SDG 13, DISASTER RESILIENCE, DISASTER PREPAREDNESS,
Online Access:http://documents.worldbank.org/curated/en/099050224072021662/P179070140a07209a1b5d012d978862b4ff
https://hdl.handle.net/10986/41594
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