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Assessing the costs of adaptation to climate change

publication date: Sep 14, 2009
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http://www.iied.org/pubs/pdfs/11501IIED.pdf

The International Institute for Environment and Development has published a report which reconsiders the costs of adapting to climate change. It argues that estimates for 2030 used by the UN Framework Convention on Climate Change are likely to be substantial under-estimates. The authors conclude that: the current cost assessments do not include some key sectors, such as ecosystems, energy, manufacturing, retailing, and tourism; some of the sectors included have been only partially covered in cost estimates; and the additional costs of adaptation have sometimes been calculated as ‘climate mark-ups’ against low levels of assumed investment.