The Economics of Climate Adaptation
Storms, floods, droughts and other extreme weather events can threaten cities, regions and entire nations. Losses from natural catastrophes are rising, as wealth accumulates in the world’s most exposed regions and our climate continues to change.
The good news is that up to 65% of climate risks can be averted. But we have to act now, and we have to act together. Only by combining risk prevention, risk mitigation and risk transfer measures as part of a comprehensive adaptation strategy, we will make urban and rural communities more resilient to the impacts of climate change.
Authored by the Economics of Climate Adaptation Working Group, Shaping climate-resilient development: a framework for decision-making, identifies significant potential for cost-effective adaptation measures. It presents a practical framework that national and local officials can use to quantify the risk that climate change poses to their economies, and to minimise the cost of adapting to that risk.