The economics of adaptation to climate change
Climate change 2014 impacts, adaptation, and vulnerability part a: global and sectoral aspects working group ii contribution to the fifth assessment report of the
The Economics of Adaptation to Climate Change…
Human and natural systems are becoming increasingly mismatched in their scale of operation and reproduction. Problems such as climate change and biodiversity loss have arisen from the lack of synchrony between economic and environmental systems. In response, policy makers are turning increasing attention to environmental finance—the pricing of environmental goods and externalities through financial mechanisms. While markets liberate information and extend the reach of communication of the value of reducing emissions, they divorce the production processes from their material context. I investigate the initiation and evolution of environmental finance in Asia through investigation of financial centers, their organizations, actors and processes. The study analyzes the institutionalization of environmental finance by investigating its initiation in five prominent Asian financial centers: Singapore, Hong Kong, Shanghai, Tokyo, and Beijing/Tianjin. Specifically, the analytical focus lies on the financial service networks in these cities as elucidated through interviews with financial experts. Environmental finance is just being initiated in Asia. However, Asia provides an important context for investigation into how financial products and services are transferred across cultural boundaries. In comparing various regional approaches to environmental finance, the beneficial impacts of clean energy development become clear. Clean energy provides a material source of economic growth that mitigates environmental damage.
A central insight of this report is that many of the policy and institutional reforms needed to revitalise growth and improve well-being over the next 15 years, can also help reduce climate risk. In most economies, there are a range of market, government and policy failures that can be corrected, as well as new technologies, business models and other options that countries at various stages of development can use to improve economic performance and climate outcomes together. These opportunities exist in the short (less than 5 years), medium (5–15 years) and long term (greater than 15 years), as the various chapters of this report show. They require good policy design and implementation across three main drivers of change:
Economics of Adaptation to Climate Change - World …
The IPCC was established in 1988 by the and the to assess and synthesize scientific research on climate change, its impacts, and response options. The IPCC is governed by its Plenary (composed of representatives of member governments), Bureau, Executive Committee, and Secretariat, which have distinct roles to provide oversight, develop procedures, and facilitate operation.
Climate Change Home - World Bank Group
Better coordination of policy could transform efficiency and accelerate the pace of change. In May 2014, Ministers of Finance and Economy asked the OECD and the IEA to provide recommendations on how to align policies to achieve a low-carbon transition. Such work will be an important follow-up to the New Climate Economy report.
Climate change adaptation - Wikipedia
It is very difficult to estimate the economic costs of such effects, as there are many uncertainties. But the Intergovernmental Panel on Climate Change (IPCC) suggests that the likely costs of just 2°C of global warming would be of the order of 0.5–2% of global GDP by the middle of the century, even if strong adaptation measures are taken. Once warming has proceeded beyond this, the costs will rise further – though the IPCC finds there is too much uncertainty to estimate reliably by how much. What the IPCC does confirm is that climate change impacts will affect the world’s poorest people the most; they are already doing so. But countries at all income levels face serious climate risks, as recent studies of the United States (among others) have shown.
Economics of global warming - Wikipedia
Adaptation to climate change: evidence from us agriculture... climate change; adaptation;... on climate change." annual review of resource economics 4:13.1...