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Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving. This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events. This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.
15 Sustainable agricultural intensification in the Volta River Basin -- Part VI Governance and livelihoods -- 16 Simulating current and future Volta Basin water development scenarios -- Index.
Overview of climate change mitigation evaluations : what do we know? / Siv Tokle and Juha I. Uitto -- Contributing to global benefits or supporting local sustainable development : evidence from a global evaluation of UNDP's program / Howard M. Stewart, Juha I. Uitto, and Michael P. Wells -- Macroeconomic and sectoral impacts of climate change mitigation in Thailand / Govinda R. Timilsina -- Measuring the impact of Chinese provincial CDM centers for local market development / Miriam Schroeder -- The impact of BACIP energy-efficient products on domestic fuel savings in northern Pakistan / Nahida Khudadad and Qayum Ali Shah -- Monitoring and evaluation of adaptation to climate change interventions / Osvaldo Feinstein -- Evaluation of adaptation to climate change from a development perspective / Merylyn McKenzie Hedger ... [et al.] -- Lessons on M&E from GEF climate change adaptation projects / Iván Darío Valencia --
First Published in 2009. Routledge is an imprint of Taylor & Francis, an informa company.
First Published in 2011. Routledge is an imprint of Taylor & Francis, an informa company.
Adaptation to climate change is a necessity for advanced and developing economies alike. Policymakers face the challenge of facilitating this transition. This Note argues that adaptation to climate change should be part of a holistic development strategy involving both private and public sector responses. Governments can prioritize public investment in adaptation programs with positive externalities, address market imperfections and policies that make private adaptation inefficient, and mobilize revenues for, and distribute the benefits of, adaptation. Although the choice of what should be done and at what cost ultimately depends on each society’s preferences, economic theory provides a useful framework to maximize the impact of public spending. Cost-benefit analysis, complemented by the analysis of distributional effects, can be used to prioritize adaptation programs as well as all other development programs to promote an efficient and just transition to a changed climate. While compensations may be needed to offset damages that are either impossible or too expensive to abate, subsidies for adaptation require careful calibration to prevent excessive risk taking.
The Volta River Basin (VRB) is an important transboundary basin in West Africa that covers approximately 410,000 square kilometres across six countries: Benin, Burkina Faso, Côte d'Ivoire, Ghana, Mali and Togo. Its natural resources sustain the livelihoods of its population and contribute to economic development. This book provides a comprehensive, interdisciplinary review and assessment of the issues and challenges faced. The authors provide a science-based assessment of current and future scenarios of water availability, the demands of key sectors, including agriculture and hydropower, and the environment under changing demographic, economic, social and climatic conditions. They also identify solutions and strategies that will allow available water resources to be sustainably used to improve agricultural productivity, food security and economic growth in the VRB. Overall, the work examines from a multidisciplinary and multi-stakeholder perspective the solutions and strategies to improve the use of water and other natural resources in the VRB to achieve enhanced food security, livelihoods and economic growth.