Estimating Costs of Adaptation to Climate Change
In 2009 the World Bank launched the Economics of Adaptation to Climate Change (EACC) study to provide up-to-date and consistent estimates of adaptation costs for developing countries. The EACC study addresses many of the shortcomings found in the adaptation cost literature. First, it defines 'adaptation costs' as those additional costs of development due to climate change, thereby avoiding confounding the costs of closing the development deficit and the implicit adaptation deficit. Second, the study covers eight major sectors: infrastructure, coastal zones, water supply, agriculture, fisheries, forests and ecosystems, human health, and extreme weather events. Third, it employs common population and GDP growth trajectories across sectors and uses two climate scenarios to capture the full spread of model predictions. Finally, the EACC study uses an innovative methodology for aggregating costs at the sector level within a country, and across countries. Under these assumptions, the global price tag for the developing world of adapting to an approximately 2 degrees C warmer world by 2050 is US$ 70-100 billion per year for 2010-2050.
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2011
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| Subjects: | Economic Development: Agriculture, Natural Resources, Energy, Environment, Other Primary Products O130, Valuation of Environmental Effects Q510, Climate, Natural Disasters, Global Warming Q540, |
| Online Access: | http://hdl.handle.net/10986/4799 |
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dig-okr-1098647992021-04-23T14:02:19Z Estimating Costs of Adaptation to Climate Change Narain, Urvashi Margulis, Sergio Essam, Timothy Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 In 2009 the World Bank launched the Economics of Adaptation to Climate Change (EACC) study to provide up-to-date and consistent estimates of adaptation costs for developing countries. The EACC study addresses many of the shortcomings found in the adaptation cost literature. First, it defines 'adaptation costs' as those additional costs of development due to climate change, thereby avoiding confounding the costs of closing the development deficit and the implicit adaptation deficit. Second, the study covers eight major sectors: infrastructure, coastal zones, water supply, agriculture, fisheries, forests and ecosystems, human health, and extreme weather events. Third, it employs common population and GDP growth trajectories across sectors and uses two climate scenarios to capture the full spread of model predictions. Finally, the EACC study uses an innovative methodology for aggregating costs at the sector level within a country, and across countries. Under these assumptions, the global price tag for the developing world of adapting to an approximately 2 degrees C warmer world by 2050 is US$ 70-100 billion per year for 2010-2050. 2012-03-30T07:29:48Z 2012-03-30T07:29:48Z 2011 Journal Article Climate Policy 14693062 http://hdl.handle.net/10986/4799 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
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Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 |
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Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 Narain, Urvashi Margulis, Sergio Essam, Timothy Estimating Costs of Adaptation to Climate Change |
| description |
In 2009 the World Bank launched the Economics of Adaptation to Climate Change (EACC) study to provide up-to-date and consistent estimates of adaptation costs for developing countries. The EACC study addresses many of the shortcomings found in the adaptation cost literature. First, it defines 'adaptation costs' as those additional costs of development due to climate change, thereby avoiding confounding the costs of closing the development deficit and the implicit adaptation deficit. Second, the study covers eight major sectors: infrastructure, coastal zones, water supply, agriculture, fisheries, forests and ecosystems, human health, and extreme weather events. Third, it employs common population and GDP growth trajectories across sectors and uses two climate scenarios to capture the full spread of model predictions. Finally, the EACC study uses an innovative methodology for aggregating costs at the sector level within a country, and across countries. Under these assumptions, the global price tag for the developing world of adapting to an approximately 2 degrees C warmer world by 2050 is US$ 70-100 billion per year for 2010-2050. |
| format |
Journal Article |
| topic_facet |
Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Valuation of Environmental Effects Q510 Climate Natural Disasters Global Warming Q540 |
| author |
Narain, Urvashi Margulis, Sergio Essam, Timothy |
| author_facet |
Narain, Urvashi Margulis, Sergio Essam, Timothy |
| author_sort |
Narain, Urvashi |
| title |
Estimating Costs of Adaptation to Climate Change |
| title_short |
Estimating Costs of Adaptation to Climate Change |
| title_full |
Estimating Costs of Adaptation to Climate Change |
| title_fullStr |
Estimating Costs of Adaptation to Climate Change |
| title_full_unstemmed |
Estimating Costs of Adaptation to Climate Change |
| title_sort |
estimating costs of adaptation to climate change |
| publishDate |
2011 |
| url |
http://hdl.handle.net/10986/4799 |
| work_keys_str_mv |
AT narainurvashi estimatingcostsofadaptationtoclimatechange AT margulissergio estimatingcostsofadaptationtoclimatechange AT essamtimothy estimatingcostsofadaptationtoclimatechange |
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