Integrating Climate Change and Natural Disasters in the Economic Analysis of Projects
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank, Washington, DC
Resumen
Descripción
To maximize development gains, World
Bank projects must consider climate change and disaster
risks in their design and appraisal. Buildings could be
exposed to heat waves, roads might be vulnerable to floods,
and agricultural practices may be subject to drought and
pests. Although projects can be simultaneously vulnerable to
several such risks, in most cases, it is possible to design
and implement projects that are resilient to future climate
change and natural risks. Doing so, however, requires these
risks to be considered at each step of the project cycle. To
select the best projects and ensure they deliver as
expected, it is important to ensure that all project
appraisal and assessment processes including economic
analyses properly consider all risks. This guidance note
proposes a simple methodology for doing this by adding a
stress test for climate change and natural disasters to the
economic analysis of a project.
Palabras clave
COST-BENEFIT ANALYSIS, NATURAL DISASTER, FORESTRY, CLIMATE CHANGE IMPACT, WATER RESOURCE MANAGEMENT, TRANSPORT, AGRIBUSINESS