What is the cost of adapting to Climate Change?
Published 12th October 2009 - 1 comments - 1319 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!
About the author
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