The Economics of Climate Adaptation

The Economics of Climate Adaptation involves understanding how communities and economies can adjust to the impacts of climate change. This includes investing in infrastructure, like flood defenses and sustainable agriculture, to reduce risks and enhance resilience. Economically, it requires evaluating costs and benefits of adaptation strategies, as well as the potential loss from climate-related damages. Proper adaptation can protect livelihoods, improve efficiency, and promote sustainable growth, ultimately helping societies better withstand and thrive despite the changing climate. It's about making smart choices today to safeguard the future.