Adaptation activities come with a range of costs, and associated implications for the need for financial investments. With resources from Global Environment Facility, UNEP has supported the work of the Economics of Climate Adaptation Working Group (a partnership between the Global Environment Facility, McKinsey & Company, Swiss Re, the Rockefeller Foundation, ClimateWorks Foundation, the European Commission, and Standard Chartered Bank) on the development of a framework to guide decision-makers in understanding and addressing issues around potential climate-related losses to economies and societies, the options for averting such losses, and the investment that will be required to fund those measures. The report produced by the Working Group outlines a fact-based risk management approach that national and local leaders can use to understand the impact of climate on their economies – and identify actions to minimize that impact at the lowest cost to society.
Download the report with test cases and appendices (5.8MB) or by itself (3.5MB). An executive summary (472KB) is also available
The three links for the above three reports are as follows:
For more information: