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The Economics of Climate Change in the Pacific

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  • Asian Development Bank (ADB)

Abstract

The Pacific developing member countries of the Asian Development Bank are highly vulnerable to the predicted effects of climate change, including higher sea levels, intense storm surges and cyclones, erratic rainfall patterns, and major temperature fluctuations. This study identifies the effects and quantifies the costs of these adverse outcomes to the Pacific island economies, with details provided for selected key sectors including agriculture, fisheries, tourism, coral reefs, and human health. It then presents policy recommendations and action steps for the countries to minimize or mitigate these impacts, particularly by mainstreaming climate change in their development plans, adopting forward-looking and risk-based approaches to climate change, and climate-proofing both their programs and infrastructure so that poverty eradication and sustainable development efforts can continue regardless of the vagaries of climate.

Suggested Citation

  • Asian Development Bank (ADB), 2013. "The Economics of Climate Change in the Pacific," ADB Reports RPT136119-2, Asian Development Bank (ADB), revised 26 Dec 2013.
    • Handle: RePEc:asd:wpaper:rpt136119-2
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    File URL: http://www.adb.org/sites/default/files/pub/2013/economics-climate-change-pacific.pdf
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    File URL: http://www.adb.org/sites/default/files/pub/2013/economics-climate-change-pacific.pdf
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    References listed on IDEAS

    as
    1. Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 860-872, September.
    2. Nicholas Stern, 2013. "The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 838-859, September.
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    Cited by:

    1. Ilan Noy & Christopher Edmonds, 2016. "The Economic and Fiscal Burdens of Disasters in the Pacific," CESifo Working Paper Series 6237, CESifo.
    2. Asian Development Bank Institute, 2017. "Asian Development Outlook 2016 Update: Meeting the Low-Carbon Growth Challenge," Working Papers id:11747, eSocialSciences.
    3. World Bank, 2017. "Pacific Possible," World Bank Publications - Reports 28135, The World Bank Group.
    4. Ezequiel Cabezon & Leni Hunter & Patrizia Tumbarello & Kazuaki Washimi & Yiqun Wu, 2019. "Enhancing macroeconomic resilience to natural disasters and climate change in the small states of the Pacific," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(1), pages 113-130, May.
    5. Ilan Noy & Christopher Edmonds, 2016. "The Economic and Fiscal Burdens of Disasters in the Pacific," CESifo Working Paper Series 6237, CESifo.

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