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

by Shardul Agrawala and Samuel Fankhauser

- This the executive summary of the OECD report on the economic aspects of adaptation to climate change. The report provides a critical assessment of adaptation costs and benefits in key climate sensitive sectors, as well as at national and global levels. It moves the discussion beyond cost estimation to 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.

Agrawala, S. and S. Fankhauser, Eds. (2008). Economic Aspects of Adaptation to Climate Change: Costs, Benefits and Policy Instruments - Executive Summary. OECD, Paris, May 2008.