Stern Review: The Economics of Climate Change · 2006
Part V: Policy Responses for Adaptation
Part V: Policy Responses for Adaptation
¶Part V of the Review analyses adaptation as a response to climate change.
¶Adaptation will be crucial in reducing vulnerability to climate change and is the only way to cope with the impacts that are inevitable over the next few decades. In regions that may benefit from small amounts of warming, adaptation will help to reap the rewards. It provides an impetus to adjust economic activity in vulnerable sectors and to support sustainable development, especially in developing countries. But it is not an easy option, and it can only reduce, not remove, the impacts. There will be some residual cost – either the impacts themselves or the cost of adapting. Without early and strong mitigation, the costs of adaptation rise sharply.
¶Part V is structured as follows.
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- Chapter 18 outlines key adaptation concepts and sets out an economic framework for adaptation.
- Chapter 19 examines the barriers and constraints to adaptation identified in this chapter. It sets out how governments in the developed world can promote adaptation by providing information and a policy framework for individuals to respond to market signals.
- Chapter 20 explores the particular issue of how developing countries can adapt to climate change. Developing countries lack the infrastructure, financial means, and access to public services that would otherwise help them adapt. The chapter shows the importance of support from the international community, and the need for investment in global public goods such as the development of resistant crops.