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Financing climate change adaptation
Author(s) -
Bouwer Laurens M.,
Aerts Jeroen C.J.H.
Publication year - 2006
Publication title -
disasters
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.744
H-Index - 70
eISSN - 1467-7717
pISSN - 0361-3666
DOI - 10.1111/j.1467-9523.2006.00306.x
Subject(s) - mainstreaming , united nations framework convention on climate change , climate change , adaptation (eye) , business , disaster risk reduction , conference of the parties , sustainability , political economy of climate change , risk management , environmental resource management , climate risk , sustainable development , environmental planning , natural resource economics , finance , economics , political science , geography , kyoto protocol , special education , ecology , physics , optics , law , biology
This paper examines the topic of financing adaptation in future climate change policies. A major question is whether adaptation in developing countries should be financed under the 1992 United Nations Framework Convention on Climate Change (UNFCCC), or whether funding should come from other sources. We present an overview of financial resources and propose the employment of a two‐track approach: one track that attempts to secure climate change adaptation funding under the UNFCCC; and a second track that improves mainstreaming of climate risk management in development efforts. Developed countries would need to demonstrate much greater commitment to the funding of adaptation measures if the UNFCCC were to cover a substantial part of the costs. The mainstreaming of climate change adaptation could follow a risk management path, particularly in relation to disaster risk reduction. ‘Climate‐proofing’ of development projects that currently do not consider climate and weather risks could improve their sustainability.