Putting a Value on Climate Adaptation

Author: Chen Chen

The Paris Climate Agreement put climate adaptation squarely on the climate agenda when it established a global goal to “enhance adaptive capacity, strengthen resilience and reduce vulnerability to climate change.”

Through the agreement, funds from developed countries are pledged to fuel adaptation planning and implementation in vulnerable, developing countries. Similar to other issues related to global development, garnering monetary pledges could be the crucial first step toward positive change. But what can we expect to come out of the multibillion-dollar pledge for adaptation?

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