Journal: Materials on Development Financing

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KfW Group, KfW Bankengruppe

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20162
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Publications 1 - 2 of 2
  • Economics of Adaptation (ECA) in Development Cooperation: A Climate Risk Assessment Approach
    Item type: Report
    Wieneke, Florian; Bresch, David N. (2016)
    Materials on Development Financing
    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 stakeholders
  • Economics of Climate Adaptation (ECA) - Guidebook for Practitioners
    Item type: Report
    Souvignet, Maxime; Wieneke, Florian; Mueller, Lea; et al. (2016)
    Materials on Development Financing
    There is a growing consensus that climate change impacts should be considered in the development of adaptation strategies by decision makers at all levels. This requires identifying cost-efficient adaptation measures, resulting from a structured risk management approach. The Economics of Climate Adaptation (ECA) approach offers a unique contribution, which combines risk assessment, adaptation measures and risk transfer. Its results allow a flexible identification of cost-effective climate adaptation measures for a variety of projects and sectors. Recently, KfW decided to implement two pilot studies in Bangladesh and El Salvador using the ECA methodology. The main objectives were to support decision makers in developing their adaptation strategy and to develop a climate adaptation measures investment portfolio. Following the evaluation of these two pilot studies, the need to develop a document for practitioners has arisen. The ECA Guidebook aims at filling this gap while complementing the already existing ECA documentation and tools. This Guidebook is tailored for practitioners of developing projects, which promote resilience in developing countries. It aims also at 1) exploring whether ECA methodology is appropriate to the project’s goals and 2) offering step-by-step guidance while using the ECA methodology.
Publications 1 - 2 of 2