Barr, Rhona F., Fankhauser, Samuel and Hamilton, Kirk (2010) The allocation of adaptation funding. Centre for Climate Change Economics and Policy and Grantham Research Institute on Climate Change and the Environment, London, UK.
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Providing additional finance for adaptation is a key element of the emerging international climate change framework. This paper discusses how adaptation funding may be allocated among developing countries in a transparent, efficient and equitable way. We propose an approach based on three criteria: the climate change impact experienced in a country, a country’s adaptive (or social) capacity and its implementation capacity. Rough indicators are proposed for each of these three dimensions. Physical impact and adaptive capacity together determine a country’s vulnerability to climate change. It seems both efficient and fair that countries which are more vulnerable should have a stronger claim on adaptation resources. The third dimension, implementation capacity, introduces a measure of adaptation effectiveness. It makes sense to focus adaptation finance on countries with the capacity to use these resources efficiently.
|Item Type:||Monograph (Working Paper)|
|Additional Information:||© 2010 the authors|
|Uncontrolled Keywords:||adaptation finance, development effectiveness, vulnerability|
|Library of Congress subject classification:||G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
|Sets:||Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Collections > Economists Online
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