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 […]
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]