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OECD Report: Economic Aspects of Adaptation to Climate Change: Costs, Benefits and Policy Instruments

Oecdreport

May 2008: This Organisation for

Economic Co-operation and Development (OECD) publication, edited by Shardul

Agrawala and Samuel Fankhauser, provides a critical assessment of adaptation

costs and benefits in key climate sensitive sectors, as well as at national and

global levels.

It evaluates the potential and

limits of economic and policy instruments - including insurance and risk

sharing, environmental markets and pricing, and public private partnerships -

that can be used to motivate adaptation actions. The report cautions that

recent headline estimates on the global price-tag for adaptation face serious

limitations. It notes the challenge of ensuring that individuals, businesses,

governments and civil society make timely, well-informed and efficient

adaptation decisions, and therefore calls for a raft of policy instruments to

establish the right incentives to influence such decisions. [The

publication]