Economics of Climate Change in the Pacific
Guild, Robert; Park, Cyn-Young | August 2013
Abstract
The Pacific region - a diverse array of 7,500 islands of varying topographies, cultures, and economies - is particularly vulnerable to the impacts of climate change, with significant economic costs. This study provides fine-scale climate-economic information that is critical for making development and adaptation planning decisions in Asian Development Bank's (ADB) Pacific developing member countries (DMCs). Economic assessment associated with climate information helps identify priority sectors, estimate funding needs, and prepare for economy-wide climate change impacts. Projections of total economic damage to the Pacific due to climate change are provided in various scenarios. Current and future plans for economic advancement must factor in climate change and its potential consequences. Local climate-economic information is essential for effective planning at all levels, ranging from public infrastructure investment to household and community adaptation programs. This flyer gives an overview of the findings of a study evaluating the economics of climate change for developing member countries in the Pacific. It aims to raise the level of understanding of all sectors and stakeholders on possible impacts of climate change, with analyses that lead to regional strategies supported by national programs linked to local policies and activities.
Citation
Guild, Robert; Park, Cyn-Young. 2013. Economics of Climate Change in the Pacific. © Asian Development Bank. http://hdl.handle.net/11540/2129. License: CC BY 3.0 IGO.Keywords
Climate
Climate change
Climate impacts assessment
Global climate change
Rural Development
Rural Development Projects
Rural Development Research
Climatic change
Climatic influence
Climatology
Investment bank
Investment policy
Rural areas
Rural economy
Rural planning
Rural poverty
Development potential
Climatic factor
Soils and climate
Dynamic climatology
Climate change mitigation
Communication in rural development
Rural enterprise zones
Rural manpower policy
Environment impact analysis
City planning
Urban climatology
Bank investment
Capital investment
Investment banking
Venture capital
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