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Title
Potential costs and benefits of adaptation options: A review of existing literature. Technical paper.

Corporate Author
UNFCCC. Secretariat

Electronic version available
English
1051 kB

Abstract
Building on recent reviews on the costs and benefits of adaptation, this technical paper analyses the general methodological issues for estimating the costs and benefits of adaptation options, reviews new studies on the economics of adaptation in light of these methodological issues, and discusses the strengths and weaknesses of the studies and methods. Key findings from the paper include: the benefits of adopting multiple methods and approaches, including non-monetary ones, in accordance with the objectives of the assessment and the types of adaptation options to be assessed; the need for further methodology development, including in relation to the treatment of uncertainty, economic valuation and equity; and the continued lack of detailed analyses of the costs and benefits of adaptation, including in a form that is relevant to decisions on public funding. Parties may use the information contained in this technical paper as they consider implementing adaptation action under the Convention, including in the work under the Nairobi work programme, and particularly on its work area on socio-economic information. In addition, improved understanding and capacity for addressing the costs and benefits of adaptation is an important pillar in implementing enhanced action on adaptation at all levels

Notes
Revision

Document code
FCCC/TP/2009/2/Rev.1

Publisher
United Nations Office at Geneva
Place of Publication
Geneva (Switzerland)
Publication date
11/05/2010
Call number
Master copy

Meeting
Subsidiary Body for Scientific and Technological Advice (SBSTA), Thirty-first session, 7-18 December 2009, Copenhagen, Denmark

Keywords
adaptation to climate change
climate impacts
methodology
Nairobi work programme
technical paper
vulnerability