Economics of Adaptation (ECA) in Development Cooperation: A Climate Risk assessment Approach
Bresch, David N.
Already today, extreme weather events present a significant risk to ecosystems, societies and their economies. Climate variability and change have the potential to aggravate these risks becoming one of the most serious threats to the development prospects in many countries around the globe. The approach taken under the umbrella of “Economics of Climate Adaptation (ECA-approach)” provides decision-makers with information about potential climate-related damage to their economies and societies. It can foster comprehensive adaptation strategies by analysing and proposing a variety of specific adaptation measures in a systematic way. Well-targeted, early investments to improve climate resilience are likely to be less cost-intensive and more effective than complex post-disaster relief efforts, both locally and on an aggregated global scale. The ECA approach has been introduced by KfW Development Bank to development cooperation as an innovative way to identify and prioritize adaptation measures within comprehensive adaptation programmes on the local or regional scale, ensuring an active involvement of a broad range of stakeholder Show more
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Journal / seriesMaterials on Development Financing
Organisational unit09576 - Bresch, David Niklaus
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