Counting on uncertainty: the economic case for community based adaptation in North-East Kenya
In an environment of competing financial demands and a drive to ensure that all the money invested is maximised, the critical question is whether investing in adaptation to climate change projects is economically efficient. This report by the new economics foundation (nef) finds that investing in community based adaptation (CBA) makes strong economic sense, even in a volatile and evolving environmental context. In virtually all scenarios studied in North-East Kenya, the economic, environmental and social benefits of CBA outweigh their costs, suggesting they are efficient and effective even in the absence of adaptation projects at the national level. The report argues that these findings make a convincing financial case for CBA both in conjunction with larger-scale interventions and as standalone activities.