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A global assessment of adaptation investment from the perspectives of equity and efficiency

Chen, Chen; Hellman, Jessica; Berrang-Ford, Lea; Noble, I R; Regan, Patrick M

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Equity and efficiency should be considered when allocating resources for climate change adaptation. More than a decade after the Least Developed Countries Fund approved adaptation funds for 18 countries in 2003, it is possible to take the stock of investment data and to test empirically whether equity and efficiency have been factored into adaptation investment decision-making. To evaluate equity, one must determine if resources were distributed to areas of greatest need. Vulnerability...[Show more]

dc.contributor.authorChen, Chen
dc.contributor.authorHellman, Jessica
dc.contributor.authorBerrang-Ford, Lea
dc.contributor.authorNoble, I R
dc.contributor.authorRegan, Patrick M
dc.date.accessioned2020-09-04T04:08:20Z
dc.identifier.issn1381-2386
dc.identifier.urihttp://hdl.handle.net/1885/209326
dc.description.abstractEquity and efficiency should be considered when allocating resources for climate change adaptation. More than a decade after the Least Developed Countries Fund approved adaptation funds for 18 countries in 2003, it is possible to take the stock of investment data and to test empirically whether equity and efficiency have been factored into adaptation investment decision-making. To evaluate equity, one must determine if resources were distributed to areas of greatest need. Vulnerability assessments provide information on the global distribution of the need for adaptation. To evaluate efficiency, one must compare cost and benefit of an investment. Although it is difficult to assess ex-ante the cost and benefit of investment strategies, it is possible to measure efficient use of expenditures with readiness assessment, as a metric of capacity to deploy adaptation resources. We used vulnerability and readiness measures of the Notre Dame Global Adaptation Initiative (ND-GAIN) Country Index as proxies of equity and efficiency. This article quantitatively interrogates—through the lens of public fund allocation—the roles of vulnerability and readiness in shaping adaptation investment decisions. Our findings suggest that countries facing increasing impacts from climate change have received more adaptation investments from international sources than countries with less vulnerability. Further, international investments also preferentially flow to countries that are more ready to deploy adaptation resources. Since the most vulnerable countries are likely to be less ready for investment, our findings support the efforts to improve the investment potential of the most vulnerable countries by investing first to enhance their readiness, in order to unlock adaptation solutions.
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherKluwer Academic Publishers
dc.rights© Springer Science+Business Media Dordrecht 2016
dc.sourceMitigation and adaptation strategies for global change
dc.titleA global assessment of adaptation investment from the perspectives of equity and efficiency
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume23
dc.date.issued2018
local.identifier.absfor069999 - Biological Sciences not elsewhere classified
local.identifier.ariespublicationu4485658xPUB2536
local.publisher.urlhttps://link.springer.com
local.type.statusPublished Version
local.contributor.affiliationChen, Chen, University of Notre Dame
local.contributor.affiliationHellman, Jessica, University of Minnesota
local.contributor.affiliationBerrang-Ford, Lea, McGill University
local.contributor.affiliationNoble, I R, College of Science, ANU
local.contributor.affiliationRegan, Patrick M, University of Notre Dame
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage101
local.bibliographicCitation.lastpage122
local.identifier.doi10.1007/s11027-016-9731-y
dc.date.updated2020-05-17T08:23:08Z
local.identifier.scopusID2-s2.0-85004140579
local.identifier.thomsonID000419477400005
CollectionsANU Research Publications

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