Economics of Climate Proofing at the Project Level
Climate change impacts on infrastructure, facilities, livelihoods, food production, settlements, and health, and thus creates significant development challenges. Assessment and economic analysis of climate change impacts and response have become crucial in rationalizing investments in adaptation and mitigation. The study Economics of Climate Proofing at the Project Level: Framework and Case Studies in the Pacific evaluated the economic viability of investments in climate proofing development projects, in the context of greenhouse gas emission scenarios of the Intergovernmental Panel on Climate Change (IPCC). The analysis determined if, when, and how much to invest in climate proofing.
This flyer gives an overview of a study evaluating the economics of climate proofing investment projects for developing member countries in the Pacific. It developed basic economic models of benefit and cost analysis for climate proofing investment projects, and provided indicative guidelines for if, when, and how much to invest in climate proofing.