Economic Evaluation of Climate Change Adaptation Projects


General Information:

Author: World Bank

Year of publication: 2010

Available languages: English

Details of Assessment:

Type of assessment: Climate change adaptation assessment

Format of assessment: Report

Estimated costs for conducting: No information

Estimated duration of assessment: No information

To be carried out by whom: Multiple actors

Details: Scientists/researchers, economists

Institutional scale of use: Continental

Details: Tool examines the costs / benefits of different adaptation options. Scale of use depends on scale of application of these options

Assesment to be used by which target audience: Local decision makers

Output: Report

Details: Different economic models will be part of the assessment


Coverage & Methodology:

Region of origin: North America

Developed by which sector: Development cooperation

Applied in practice: Partly

Geographic coverage in analysis: Worldwide

Potential geographic coverage: Worldwide

Details: Can also be scaled up to other sectors

Method used: Mixed method approach

Description of methodology: Offers a 9 step approach in which a set of different methodologies can be used depending on the context: Crop models,Ricardian Model. MCDA, Propability based approach, real option analysis , robust decision making, interviews

Risk framework used: No explicit use of risk framework

Risk components incorporated: All

Hazards and impacts considered in the assessment: Cyclone (including tropical storm, hurricane and typhoon), Drought, Flood, Landslide, Sea level rise

Details: Data depends on which combination of methods is used. Generally weather, climate data, data on agicultural land, data on crops, etc.

Participatory elements: Yes

Details: Interviews are part of it

Consideration of interconnectedness and -dependencies of risks: No information

Adressing uncertainty: Yes

Scope of assessment: Identification of risks, assessment of impacts, identification of adaptation options, priorization of adaptation options

Relevance for losses and damages:

Economic/Non-Economic losses incorporated: Economic

Applicability for entire risk spectrum (from extreme weather events to slow onset processes): Yes


Recommendations for Adaptation measures included in Climate Risk Assessment: Yes

Usefulness for political purposes: It is useful to assess certain project, also for political decision makers, but not primarily for them

Applied by whom: The World Bank

Open access: Yes