Economics of adaptation to climate change: synthesis report
As developing countries weigh how best to revitalise their economies and craft a sustainable development path to boost living standards, they will have to factor in the reality that the global annual average temperature is expected to be 2º C above pre-industrial levels by 2050. A 2º warmer world will experience more intense rainfall and more frequent and more intense droughts, floods, heat waves, and other extreme weather events. As a result, it will have dramatic implications for how countries manage their economies, care for their people and design their development paths. Countries will need to adopt measures to adapt to climate change. These measures offer a way to make the effects of climate change less disruptive and spare the poor and the vulnerable from shouldering an unduly high burden. This paper published by the World Bank presents the case that economic development is perhaps the best hope for adaptation to climate change.