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What is the cost of adapting to Climate Change?

Published 12th October 2009 - 1 comments - 1233 views -

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!

In light of such bill, will vulnerable communities survive?

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Comments

Paul Montariol on 04th December 2009:

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

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