The Economics of Climate-Resilient Development

The Economics of Climate-Resilient Development

Edited by Sam Fankhauser and Thomas K.J. McDermott

Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most affected. This timely and unique book takes an integrated look at the twin challenges of climate change and development. The book treats adaptation to climate change as an issue of climate-resilient development, rather than as a bespoke set of activities (flood defences, drought plans, and so on), combining climate and development challenges into a single strategy. It asks how the standard approaches to development need to change, and what socio-economic trends and urbanisation mean for the vulnerability of developing countries to climate risks. Combining conceptual thinking with practical policy prescriptions and experience the contributors argue that, to address these questions, climate risk has to be embedded fully into wider development strategies

Chapter 7: Adaptation experience and prioritization

Paul Watkiss

Subjects: economics and finance, development economics, environmental economics, environment, climate change, environmental economics


Paul Watkiss 7.1 INTRODUCTION In this chapter we set out some observations and insights for policy makers on the prioritization of adaptation interventions for climate- resilient development. This draws on current and emerging evidence, applying a practical lens to recent methodological changes in adaptation thinking (see Watkiss and Hunt, Chapter 6, this volume). The chapter proceeds as follows. In Section 7.2 we outline how the change in assessment methods has altered the nature and mix of adaptation options. In Section 7.3 we review the evidence and state of knowledge on promising early options – both immediate and early actions for longer time- cales. In Section 7.4 we discuss some of the remaining issues that are s associated with practical implementation. Finally, conclusions are given in Section 7.5. 7.2 TYPES OF ADAPTATION INTERVENTIONS The recent shift towards policy-irst adaptation and early mainstreamf ing, set out in Watkiss and Hunt (Chapter 6, this volume), affects the types of adaptation interventions for climate- esilient development. This r is particularly relevant for the implementation of adaptation in developing countries, in the context of national, sector and local adaptation plans. This shift can be seen in recent assessments of adaptation options – especially those that are policy and implementation orientated. These have a greater emphasis on early adaptation interventions; that is, on what to do over the next five years or so. Examples of this can be seen in recent national and sector climate change action plans (reviewed in Watkiss, 2015) as in Bangladesh (MoEF, 2009), Ethiopia...

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