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What is the cost of adapting to Climate Change?
Lately, the World Bank revealed the cost of adapting to Climate Change.
As from next year, Head of States in developing countries should start thinking of a new bill of some $75-100 billion per year till 2050.
Experts are arguing that the EACC (The Economics of Adaptation to Climate Change) study is the most in-depth analysis of the economics of adaptation to climate change to date and uses a new methodology for assessing these costs.
In simple terms, the EACC team compared a future world without climate change with a future world with climate change!
Conclusion: The difference between these two worlds entails a series of actions to adapt to the new world conditions. The costs of these additional actions are the costs of adapting to climate change.
Personally, I tend to say it's an inflated figure!
In the meantime I prefer to wait for the second EACC report to be published next Spring which will be based on a seven country case study. This study should facilitate decision makers in developing countries to better understand and assess the risks posed by climate change.
I urge these decision makers to keep the most vulnerable communities in mind!



Comments
A country as Sweden which passes towards 100% of new energies sees its total productivity increasing.
New energies are not a punishment!