The Economics of Climate Adaptation (ECA)

The Economics of Climate Adaptation (ECA) involves studying how investments and policies can minimize the financial risks of climate change impacts, like floods or droughts. It helps identify cost-effective ways to prepare communities, protect infrastructure, and preserve resources, ensuring benefits outweigh costs. By analyzing the costs and benefits of adaptation measures, ECA guides decision-makers to prioritize actions that reduce future damages, support economic stability, and promote sustainable development in a changing climate.