Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy write by Emanuele Massetti. This book was released on 2022-03-23. Planning and Mainstreaming Adaptation to Climate Change in Fiscal Policy available in PDF, EPUB and Kindle. This Staff Climate Note is part of a series of three Notes (IMF Staff Climate Note 2022/001, 2022/002, and 2022/003) that discuss fiscal policies for climate change adaptation. A first Note (Bellon and Massetti 2022, henceforth Note 1) examines the economic principles that can guide the integration of climate change adaptation into fiscal policy. It argues that climate change adaptation should be part of a holistic, sustainable, and equitable development strategy. To maximize the impact of scarce resources, governments need to prioritize among all development programs, including but not limited to adaptation. To this end, they can use cost-benefit analysis while ensuring that the decision-making process reflects society’s preferences about equity and uncertainty. A second Note (Aligishiev, Bellon, and Massetti. 2022, henceforth Note 2) discusses the macro-fiscal implications of climate change adaptation. It reviews evidence on the effectiveness of adaptation at reducing climate change damages, on residual risks, and on adaptation investment needs, and suggests ways to integrate climate risks and adaptation costs into national macro-fiscal frameworks with the goal of guiding fiscal policy. It stresses that lower-income vulnerable countries, which have typically not contributed much to climate change, face exacerbated challenges that warrant increased international support. This third Note considers how to translate adaptation principles and estimates of climate impacts into effective policies.
Macro-Fiscal Implications of Adaptation to Climate Change
Macro-Fiscal Implications of Adaptation to Climate Change - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macro-Fiscal Implications of Adaptation to Climate Change write by Mr. Zamid Aligishiev. This book was released on 2022-03-23. Macro-Fiscal Implications of Adaptation to Climate Change available in PDF, EPUB and Kindle. Adaptation to climate change is an integral part of sustainable development and a necessity for advanced and developing economies alike. How can adaptation be planned for and mainstreamed into fiscal policy? Setting up inclusive coordination mechanisms and strengthening legal foundations to incorporate climate change can be a prerequisite. This Note identifies four building blocks: 1. Taking stock of present and future climate risks, identifying knowledge and capacity gaps, and establishing guidance for next steps. 2. Developing adaptation solutions. This block can be guided by extending the IMF three-pillar disaster resilience strategy to address changes in both extreme and average weather and would cover the prevention of risks, the alleviation of residual risks, and macro-fiscal resilience. 3. Mainstreaming these solutions into government operations. This requires strengthening public financial management institutions by factoring climate risks and adaptation plans into budgets and macro-frameworks, and in the management of public investment, assets and liabilities. 4. Providing for transparent evaluations to inform future plans. This involves continually monitoring progress and regularly updating adaptation plans.
Climate Resilient Fiscal Planning
Climate Resilient Fiscal Planning - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Climate Resilient Fiscal Planning write by Asian Development Bank. This book was released on 2023-11-01. Climate Resilient Fiscal Planning available in PDF, EPUB and Kindle. This report shows how adopting good practices around climate-resilient fiscal planning can help decision-makers in Asia and the Pacific ramp up public and private resources to plug the yawning adaptation financing gap. Outlining a three-step framework, the report explains the need to effectively assess the rising impacts of climate change, develop a fiscal risk management strategy, and optimize available resources. It underscores why coherent action hinges on a solid understanding of the impacts of climate change and how central finance agencies can better integrate climate risk into decision-making to lead the drive towards economic resilience.
Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy
Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy write by Mr. Matthieu Bellon. This book was released on 2022-03-23. Economic Principles for Integrating Adaptation to Climate Change Into Fiscal Policy available in PDF, EPUB and Kindle. Adaptation to climate change is a necessity for advanced and developing economies alike. Policymakers face the challenge of facilitating this transition. This Note argues that adaptation to climate change should be part of a holistic development strategy involving both private and public sector responses. Governments can prioritize public investment in adaptation programs with positive externalities, address market imperfections and policies that make private adaptation inefficient, and mobilize revenues for, and distribute the benefits of, adaptation. Although the choice of what should be done and at what cost ultimately depends on each society’s preferences, economic theory provides a useful framework to maximize the impact of public spending. Cost-benefit analysis, complemented by the analysis of distributional effects, can be used to prioritize adaptation programs as well as all other development programs to promote an efficient and just transition to a changed climate. While compensations may be needed to offset damages that are either impossible or too expensive to abate, subsidies for adaptation require careful calibration to prevent excessive risk taking.
Adaptation Policy Frameworks for Climate Change
Adaptation Policy Frameworks for Climate Change - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Adaptation Policy Frameworks for Climate Change write by Ian Burton. This book was released on 2004-11-15. Adaptation Policy Frameworks for Climate Change available in PDF, EPUB and Kindle. Adaptation is a process by which individuals, communities and countries seek to cope with the consequences of climate change. The process of adaptation is not new; the idea of incorporating future climate risk into policy-making is. While our understanding of climate change and its potential impacts has become clearer, the availability of practical guidance on adaptation has not kept pace. The development of the Adaptation Policy Framework (APF) is intended to help provide the rapidly evolving process of adaptation policy-making with a much-needed roadmap. Ultimately, the purpose of the APF is to support adaptation processes to protect - and enhance - human well-being in the face of climate change. This volume will be invaluable for everyone working on climate change adaptation and policy-making.
