Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond
This paper identifies key challenges and solutions for carrying out project-level economic analysis of adaptation to climate change, both stand-alone and integrated into broader development projects. Very few projects addressing adaptation thus far...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/354331468176979682/Economic-evaluation-of-climate-change-adaptation-projects-approaches-for-the-agricultural-sector-and-beyond http://hdl.handle.net/10986/27752 |
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okr-10986-27752 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ABSENCE OF INSURANCE ADAPTATION COMPONENTS ADAPTATION COST ADAPTATION COSTS ADAPTATION DECISIONS ADAPTATION DEFICIT ADAPTATION FINANCING ADAPTATION IN AGRICULTURE ADAPTATION INVESTMENTS ADAPTATION NEEDS ADAPTATION OPTIONS ADAPTATION PROJECT ADAPTATION PROJECTS ADAPTATION RESPONSES ADAPTATION TO CLIMATE ADAPTATIONS ADAPTING ADVERSE IMPACTS OF CLIMATE CHANGE ALLOCATION ANALYSIS OF ADAPTATION ANNUAL PRECIPITATION ASSESSING CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE IMPACTS ASSET VALUE ATMOSPHERE ATMOSPHERIC COMPONENTS AUTONOMOUS ADAPTATION BENEFITS BIOPHYSICAL IMPACTS OF CLIMATE CHANGE CAPACITY CARBON DIOXIDE CARBON DIOXIDE CONCENTRATION CARBON FERTILIZATION CL CLIMATE CLIMATE ADAPTATION CLIMATE CHANGE ADAPTATION CLIMATE CHANGE DAMAGES CLIMATE CHANGE DATA CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACTS CLIMATE CHANGE PROJECTIONS CLIMATE CHANGE RISKS CLIMATE CHANGE SCENARIO CLIMATE CHANGE SCENARIOS CLIMATE CHANGE TEAM CLIMATE CHANGES CLIMATE CONDITIONS CLIMATE DATA CLIMATE EXTREMES CLIMATE FORECASTS CLIMATE IMPACTS CLIMATE PATTERNS CLIMATE PROJECTIONS CLIMATE REGIME CLIMATE RISKS CLIMATE SCENARIOS CLIMATE SYSTEM CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE-CHANGE CLIMATE-RELATED HAZARDS CLIMATES CLIMATIC CHANGES CLIMATIC CHARACTERISTICS CLIMATIC CONDITIONS CLIMATIC DIFFERENCES CLIMATIC EVENTS CLIMATIC EXTREMES CLIMATIC IMPACTS CLIMATIC RISKS CLIMATIC VARIABLES CO COLORS CONSEQUENCE OF CLIMATE CHANGE COST-BENEFIT COST-BENEFIT ANALYSIS DAILY TEMPERATURE DAMAGES DAP DEMAND DIFFUSION DISCOUNT RATE DISTRIBUTIONAL IMPACTS DROUGHT ECOLOGICAL ZONES ECONOMIC ACTIVITY ECONOMIC ANALYSES ECONOMIC ANALYSIS ECONOMIC ANALYSIS OF CLIMATE CHANGE ECONOMIC BENEFITS ECONOMIC EVALUATION OF CLIMATE CHANGE ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC IMPACT OF CLIMATE CHANGE ECONOMIC IMPACTS ECONOMIC MODEL ECONOMIC MODELS ECONOMIC PERSPECTIVE ECONOMICS OF ADAPTATION TO CLIMATE CHANGE ECOSYSTEM EFFECT OF CLIMATE CHANGE EMISSION EMISSION SCENARIOS EMISSIONS EMISSIONS SCENARIOS ENERGY ENERGY PRICES EVAPORATION EVAPOTRANSPIRATION EXTREME CLIMATE EVENTS EXTREME EVENTS FERTILIZERS FINANCE FINANCIAL ANALYSIS FINANCIAL IMPACTS FINANCIAL INSTRUMENTS FINANCIAL SERVICES FLOOD FLOODS FREQUENCY OF CLIMATE EXTREMES FUTURE CLIMATE CHANGE FUTURE CLIMATE VARIABILITY GENERAL EQUILIBRIUM MODEL GHG GLACIERS GLOBAL CLIMATE GLOBAL CLIMATE SYSTEM GLOBAL ENVIRONMENT FACILITY GREENHOUSE GREENHOUSE GAS GROWTH IN DEMAND HUMIDITY HYDROLOGICAL CONDITIONS HYDROLOGICAL MODEL HYDROLOGY IMPACT OF CLIMATE IMPACT OF CLIMATE CHANGE ON AGRICULTURE IMPACTS FROM CLIMATE CHANGE IMPACTS OF CLIMATE CHANGE IMPLICATIONS OF CLIMATE CHANGE INCENTIVES INCOME INTENSE RAINFALL INVESTMENT BEHAVIOR INVESTMENTS IPCC LAND DEGRADATION LEAD LESS LOCAL CLIMATE LOCAL CLIMATE CONDITIONS LONG-TERM DISCOUNTING LOW-CARBON LOWER DISCOUNT RATE MALADAPTATION MARKET MARKETS METEOROLOGY MODELS MONETARY COSTS MONETARY TERMS MONETARY VALUE NEGATIVE IMPACTS NO OFFSETS PLANT GROWTH POLICIES POLICY PRECIPITATION PRESENT VALUE PRICE PRICES PROBABILITY DISTRIBUTION PROBABILITY DISTRIBUTIONS RAINFALL RAINFALL EVENTS RAINFALL VARIABILITY REGIONAL CLIMATE REGIONAL CLIMATE MODEL RESILIENCE TO CLIMATE CHANGE RESPONSE TO CLIMATE CHANGE REVENUES RISK MANAGEMENT SCENARIOS SEA LEVEL RISE SEASON SEASONAL CLIMATE SOLAR RADIATION SUPPLY SURFACE RUNOFF SURFACE WATER TEMPERATURE TEMPERATURE INCREASES TEMPERATURE RISE TEMPERATURES THREATS OF CLIMATE CHANGE UNCERTAINTIES VARIABILITY DUE TO CLIMATE CHANGE VARIABILITY OF CLIMATE VULNERABILITY TO CLIMATE CHANGE VULNERABILITY TO CLIMATE RISKS |
| spellingShingle |
ABSENCE OF INSURANCE ADAPTATION COMPONENTS ADAPTATION COST ADAPTATION COSTS ADAPTATION DECISIONS ADAPTATION DEFICIT ADAPTATION FINANCING ADAPTATION IN AGRICULTURE ADAPTATION INVESTMENTS ADAPTATION NEEDS ADAPTATION OPTIONS ADAPTATION PROJECT ADAPTATION PROJECTS ADAPTATION RESPONSES ADAPTATION TO CLIMATE ADAPTATIONS ADAPTING ADVERSE IMPACTS OF CLIMATE CHANGE ALLOCATION ANALYSIS OF ADAPTATION ANNUAL PRECIPITATION ASSESSING CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE IMPACTS ASSET VALUE ATMOSPHERE ATMOSPHERIC COMPONENTS AUTONOMOUS ADAPTATION BENEFITS BIOPHYSICAL IMPACTS OF CLIMATE CHANGE CAPACITY CARBON DIOXIDE CARBON DIOXIDE CONCENTRATION CARBON FERTILIZATION CL CLIMATE CLIMATE ADAPTATION CLIMATE CHANGE ADAPTATION CLIMATE CHANGE DAMAGES CLIMATE CHANGE DATA CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACTS CLIMATE CHANGE PROJECTIONS CLIMATE CHANGE RISKS CLIMATE CHANGE SCENARIO CLIMATE CHANGE SCENARIOS CLIMATE CHANGE TEAM CLIMATE CHANGES CLIMATE CONDITIONS CLIMATE DATA CLIMATE EXTREMES CLIMATE FORECASTS CLIMATE IMPACTS CLIMATE PATTERNS CLIMATE PROJECTIONS CLIMATE REGIME CLIMATE RISKS CLIMATE SCENARIOS CLIMATE SYSTEM CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE-CHANGE CLIMATE-RELATED HAZARDS CLIMATES CLIMATIC CHANGES CLIMATIC CHARACTERISTICS CLIMATIC CONDITIONS CLIMATIC DIFFERENCES CLIMATIC EVENTS CLIMATIC EXTREMES CLIMATIC IMPACTS CLIMATIC RISKS CLIMATIC VARIABLES CO COLORS CONSEQUENCE OF CLIMATE CHANGE COST-BENEFIT COST-BENEFIT ANALYSIS DAILY TEMPERATURE DAMAGES DAP DEMAND DIFFUSION DISCOUNT RATE DISTRIBUTIONAL IMPACTS DROUGHT ECOLOGICAL ZONES ECONOMIC ACTIVITY ECONOMIC ANALYSES ECONOMIC ANALYSIS ECONOMIC ANALYSIS OF CLIMATE CHANGE ECONOMIC BENEFITS ECONOMIC EVALUATION OF CLIMATE CHANGE ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC IMPACT OF CLIMATE CHANGE ECONOMIC IMPACTS ECONOMIC MODEL ECONOMIC MODELS ECONOMIC PERSPECTIVE ECONOMICS OF ADAPTATION TO CLIMATE CHANGE ECOSYSTEM EFFECT OF CLIMATE CHANGE EMISSION EMISSION SCENARIOS EMISSIONS EMISSIONS SCENARIOS ENERGY ENERGY PRICES EVAPORATION EVAPOTRANSPIRATION EXTREME CLIMATE EVENTS EXTREME EVENTS FERTILIZERS FINANCE FINANCIAL ANALYSIS FINANCIAL IMPACTS FINANCIAL INSTRUMENTS FINANCIAL SERVICES FLOOD FLOODS FREQUENCY OF CLIMATE EXTREMES FUTURE CLIMATE CHANGE FUTURE CLIMATE VARIABILITY GENERAL EQUILIBRIUM MODEL GHG GLACIERS GLOBAL CLIMATE GLOBAL CLIMATE SYSTEM GLOBAL ENVIRONMENT FACILITY GREENHOUSE GREENHOUSE GAS GROWTH IN DEMAND HUMIDITY HYDROLOGICAL CONDITIONS HYDROLOGICAL MODEL HYDROLOGY IMPACT OF CLIMATE IMPACT OF CLIMATE CHANGE ON AGRICULTURE IMPACTS FROM CLIMATE CHANGE IMPACTS OF CLIMATE CHANGE IMPLICATIONS OF CLIMATE CHANGE INCENTIVES INCOME INTENSE RAINFALL INVESTMENT BEHAVIOR INVESTMENTS IPCC LAND DEGRADATION LEAD LESS LOCAL CLIMATE LOCAL CLIMATE CONDITIONS LONG-TERM DISCOUNTING LOW-CARBON LOWER DISCOUNT RATE MALADAPTATION MARKET MARKETS METEOROLOGY MODELS MONETARY COSTS MONETARY TERMS MONETARY VALUE NEGATIVE IMPACTS NO OFFSETS PLANT GROWTH POLICIES POLICY PRECIPITATION PRESENT VALUE PRICE PRICES PROBABILITY DISTRIBUTION PROBABILITY DISTRIBUTIONS RAINFALL RAINFALL EVENTS RAINFALL VARIABILITY REGIONAL CLIMATE REGIONAL CLIMATE MODEL RESILIENCE TO CLIMATE CHANGE RESPONSE TO CLIMATE CHANGE REVENUES RISK MANAGEMENT SCENARIOS SEA LEVEL RISE SEASON SEASONAL CLIMATE SOLAR RADIATION SUPPLY SURFACE RUNOFF SURFACE WATER TEMPERATURE TEMPERATURE INCREASES TEMPERATURE RISE TEMPERATURES THREATS OF CLIMATE CHANGE UNCERTAINTIES VARIABILITY DUE TO CLIMATE CHANGE VARIABILITY OF CLIMATE VULNERABILITY TO CLIMATE CHANGE VULNERABILITY TO CLIMATE RISKS World Bank Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| description |
This paper identifies key challenges and
solutions for carrying out project-level economic analysis
of adaptation to climate change, both stand-alone and
integrated into broader development projects. Very few
projects addressing adaptation thus far have been subject to
in-depth and rigorous economic analysis for a variety of
reasons, including a lack of guidance on how to deal with
assessments of the impacts of climate change, as well as
with estimating costs and benefits of adaptation under
uncertainty. The paper focus is on the agricultural sector,
where the impacts of climate change have the potential to
disrupt the livelihoods of rural populations in many regions
and where adaptation must be given urgent consideration.
Nevertheless, some of the approaches discussed are suitable
to projects in other sectors as well. Finally, robust
decision making (RDM) can provide an alternative
quantitative decision analytic method that avoids subjective
probability assessments and scenario predictions. RDM
creates hundreds or thousands of plausible futures, in the
judgment of the analyst, that are then used to
systematically evaluate the performance of alternative
actions. This approach facilitates identifying the set of
conditions under which any particular alternative adaptation
performs well or poorly, according to various evaluation
criteria based on the decision maker's judgment. The
decision maker can identify 'robust' alternatives
that, compared to other alternatives, perform reasonably
well across a wide range of plausible futures. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| title_short |
Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| title_full |
Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| title_fullStr |
Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| title_full_unstemmed |
Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond |
| title_sort |
economic evaluation of climate change adaptation projects : approaches for the agricultural sector and beyond |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/354331468176979682/Economic-evaluation-of-climate-change-adaptation-projects-approaches-for-the-agricultural-sector-and-beyond http://hdl.handle.net/10986/27752 |
| _version_ |
1764465041102340096 |
| spelling |
okr-10986-277522021-04-23T14:04:44Z Economic Evaluation of Climate Change Adaptation Projects : Approaches for the Agricultural Sector and Beyond World Bank ABSENCE OF INSURANCE ADAPTATION COMPONENTS ADAPTATION COST ADAPTATION COSTS ADAPTATION DECISIONS ADAPTATION DEFICIT ADAPTATION FINANCING ADAPTATION IN AGRICULTURE ADAPTATION INVESTMENTS ADAPTATION NEEDS ADAPTATION OPTIONS ADAPTATION PROJECT ADAPTATION PROJECTS ADAPTATION RESPONSES ADAPTATION TO CLIMATE ADAPTATIONS ADAPTING ADVERSE IMPACTS OF CLIMATE CHANGE ALLOCATION ANALYSIS OF ADAPTATION ANNUAL PRECIPITATION ASSESSING CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE ASSESSMENT OF CLIMATE CHANGE IMPACTS ASSET VALUE ATMOSPHERE ATMOSPHERIC COMPONENTS AUTONOMOUS ADAPTATION BENEFITS BIOPHYSICAL IMPACTS OF CLIMATE CHANGE CAPACITY CARBON DIOXIDE CARBON DIOXIDE CONCENTRATION CARBON FERTILIZATION CL CLIMATE CLIMATE ADAPTATION CLIMATE CHANGE ADAPTATION CLIMATE CHANGE DAMAGES CLIMATE CHANGE DATA CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACTS CLIMATE CHANGE PROJECTIONS CLIMATE CHANGE RISKS CLIMATE CHANGE SCENARIO CLIMATE CHANGE SCENARIOS CLIMATE CHANGE TEAM CLIMATE CHANGES CLIMATE CONDITIONS CLIMATE DATA CLIMATE EXTREMES CLIMATE FORECASTS CLIMATE IMPACTS CLIMATE PATTERNS CLIMATE PROJECTIONS CLIMATE REGIME CLIMATE RISKS CLIMATE SCENARIOS CLIMATE SYSTEM CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE-CHANGE CLIMATE-RELATED HAZARDS CLIMATES CLIMATIC CHANGES CLIMATIC CHARACTERISTICS CLIMATIC CONDITIONS CLIMATIC DIFFERENCES CLIMATIC EVENTS CLIMATIC EXTREMES CLIMATIC IMPACTS CLIMATIC RISKS CLIMATIC VARIABLES CO COLORS CONSEQUENCE OF CLIMATE CHANGE COST-BENEFIT COST-BENEFIT ANALYSIS DAILY TEMPERATURE DAMAGES DAP DEMAND DIFFUSION DISCOUNT RATE DISTRIBUTIONAL IMPACTS DROUGHT ECOLOGICAL ZONES ECONOMIC ACTIVITY ECONOMIC ANALYSES ECONOMIC ANALYSIS ECONOMIC ANALYSIS OF CLIMATE CHANGE ECONOMIC BENEFITS ECONOMIC EVALUATION OF CLIMATE CHANGE ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC IMPACT OF CLIMATE CHANGE ECONOMIC IMPACTS ECONOMIC MODEL ECONOMIC MODELS ECONOMIC PERSPECTIVE ECONOMICS OF ADAPTATION TO CLIMATE CHANGE ECOSYSTEM EFFECT OF CLIMATE CHANGE EMISSION EMISSION SCENARIOS EMISSIONS EMISSIONS SCENARIOS ENERGY ENERGY PRICES EVAPORATION EVAPOTRANSPIRATION EXTREME CLIMATE EVENTS EXTREME EVENTS FERTILIZERS FINANCE FINANCIAL ANALYSIS FINANCIAL IMPACTS FINANCIAL INSTRUMENTS FINANCIAL SERVICES FLOOD FLOODS FREQUENCY OF CLIMATE EXTREMES FUTURE CLIMATE CHANGE FUTURE CLIMATE VARIABILITY GENERAL EQUILIBRIUM MODEL GHG GLACIERS GLOBAL CLIMATE GLOBAL CLIMATE SYSTEM GLOBAL ENVIRONMENT FACILITY GREENHOUSE GREENHOUSE GAS GROWTH IN DEMAND HUMIDITY HYDROLOGICAL CONDITIONS HYDROLOGICAL MODEL HYDROLOGY IMPACT OF CLIMATE IMPACT OF CLIMATE CHANGE ON AGRICULTURE IMPACTS FROM CLIMATE CHANGE IMPACTS OF CLIMATE CHANGE IMPLICATIONS OF CLIMATE CHANGE INCENTIVES INCOME INTENSE RAINFALL INVESTMENT BEHAVIOR INVESTMENTS IPCC LAND DEGRADATION LEAD LESS LOCAL CLIMATE LOCAL CLIMATE CONDITIONS LONG-TERM DISCOUNTING LOW-CARBON LOWER DISCOUNT RATE MALADAPTATION MARKET MARKETS METEOROLOGY MODELS MONETARY COSTS MONETARY TERMS MONETARY VALUE NEGATIVE IMPACTS NO OFFSETS PLANT GROWTH POLICIES POLICY PRECIPITATION PRESENT VALUE PRICE PRICES PROBABILITY DISTRIBUTION PROBABILITY DISTRIBUTIONS RAINFALL RAINFALL EVENTS RAINFALL VARIABILITY REGIONAL CLIMATE REGIONAL CLIMATE MODEL RESILIENCE TO CLIMATE CHANGE RESPONSE TO CLIMATE CHANGE REVENUES RISK MANAGEMENT SCENARIOS SEA LEVEL RISE SEASON SEASONAL CLIMATE SOLAR RADIATION SUPPLY SURFACE RUNOFF SURFACE WATER TEMPERATURE TEMPERATURE INCREASES TEMPERATURE RISE TEMPERATURES THREATS OF CLIMATE CHANGE UNCERTAINTIES VARIABILITY DUE TO CLIMATE CHANGE VARIABILITY OF CLIMATE VULNERABILITY TO CLIMATE CHANGE VULNERABILITY TO CLIMATE RISKS This paper identifies key challenges and solutions for carrying out project-level economic analysis of adaptation to climate change, both stand-alone and integrated into broader development projects. Very few projects addressing adaptation thus far have been subject to in-depth and rigorous economic analysis for a variety of reasons, including a lack of guidance on how to deal with assessments of the impacts of climate change, as well as with estimating costs and benefits of adaptation under uncertainty. The paper focus is on the agricultural sector, where the impacts of climate change have the potential to disrupt the livelihoods of rural populations in many regions and where adaptation must be given urgent consideration. Nevertheless, some of the approaches discussed are suitable to projects in other sectors as well. Finally, robust decision making (RDM) can provide an alternative quantitative decision analytic method that avoids subjective probability assessments and scenario predictions. RDM creates hundreds or thousands of plausible futures, in the judgment of the analyst, that are then used to systematically evaluate the performance of alternative actions. This approach facilitates identifying the set of conditions under which any particular alternative adaptation performs well or poorly, according to various evaluation criteria based on the decision maker's judgment. The decision maker can identify 'robust' alternatives that, compared to other alternatives, perform reasonably well across a wide range of plausible futures. 2017-08-14T19:13:16Z 2017-08-14T19:13:16Z 2010 Report http://documents.worldbank.org/curated/en/354331468176979682/Economic-evaluation-of-climate-change-adaptation-projects-approaches-for-the-agricultural-sector-and-beyond http://hdl.handle.net/10986/27752 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Working Paper Publications & Research |