Details for The Cost to Developing Countries of Adapting to Climate Change: New Methods and Estimates

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Name:The Cost to Developing Countries of Adapting to Climate Change: New Methods and Estimates
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To shed light on adaptation costs - and with the global climate change negotiations resuming in December 2009 in Copenhagen - the Economics of Adaptation to Climate Change (EACC) study was initiated by the World Bank in early 2008, funded by the governments of the Netherlands, Switzerland, and the United Kingdom. Its objectives are to develop an estimate of adaptation costs for developing countries and to help decision makers in developing countries understand and assess the risks posed by climate change and design better strategies to adapt to climate change.

This initial study report, which focuses on the first objective, finds that the cost between 2010 and 2050 of adapting to an approximately 2oC warmer world by 2050 is in the range of $75 billion to $100 billion a year. This range is of the same order of magnitude as the foreign aid that developed countries now give developing countries each year, but it is still a very low percentage of the wealth of countries as measured by their GDP.

Publisher: The World bank
Date: 2010
Filename:Ecomonics of Adaptation to Climate Change-june2010.pdf
Filesize: 2.43 MB
Filetype:pdf (Mime Type: application/pdf)
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Created On: 07/05/2011 18:29
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Last updated on: 07/05/2011 18:30
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