NDF - Financing for climate change and development projects

Economics of Climate Change Study [NDF C23]

Photo: Nana Reimers/Danida
Three young girls fetching water , which they carry in buckets on their heads. The water has been drawn from the local common well. Valle Ducali, Madríz, Nicaragua
Photo: Aage Jørgensen, NDF
Mangoes at rural market in Central America
8.03.2018
The study will develop alternative scenarios of the impact of climate change on poor communities, estimate the economic costs involved, and identify economic and other instruments to facilitate adaptation as well as a reduction in carbon emissions.

Central America
Economics of Climate Change Study
Ref: NDF C23

EUR 0.5 million
Project period: 2013-2017
Partner agency: Inter-American Development Bank

Project completed in December 2017. Actual disbursed amount EUR 436,073.74

Objectives

The general objective of the study is to develop policies and procedures to assess the economic and social consequences of climate change for poor rural communities in the region, and to develop economic and other measures to adapt to such change, as well as to promote low carbon development.

The proposed study will develop alternative scenarios of the impact of climate change on poor communities, estimate the economic costs involved, and identify economic and other instruments to facilitate adaptation as well as a reduction in carbon emissions.

The substance of the study essentially comprises five components, i.e. (i) analysis of the impact of climate change on social conditions and poverty, including human health and food security (ii) analysis of the impact of climate change in a country context, (iii) development of policy recommendations, (iv) outreach and dissemination, and (v) coordination and consultative mechanisms.

The study will be implemented by the Economic Commission for Latin America and Caribbean (CEPAL) in close collaboration with regional organisations and Governments of the individual countries forming the Central American Integration System (SICA) (Guatemala, El Salvador, Belize, Panama, Honduras, Nicaragua, Costa Rica plus the Dominican Republic) over a three year period. IDB will be NDF’s partner agency in the project and NDF’s proposed funding would be channeled through the IDB as joint co-financing. NDF will participate, as relevant, in the donor coordination activities together with IDB and Danida.

Financing

Total cost of the study will be EUR 712,857, of which NDF will provide EUR 500,000, IDB EUR 178,572, and CEPAL EUR 34,285.

NDF Contact

Program Manager Aage Jørgensen
Telephone +358 10 618 002

Publications:

1. Economics of climate change in Honduras (in Spanish). (2017)
2. Potential impacts of climate change in the hydropower sector in Panama and the Dominican Republic (in Spanish). (2017)
3. Report of the Seminar on Methodologies to Analyse the potential impacts of climate change on food security in SICA countries. (2017).
4. Potential climate change impacts in the coffee sector in the Dominican Republic and response options. (2018)
5. Economics of climate change in Guatemala (in Spanish). (2018)
6. Food Security and Climate Change: Methodologies to analysis and respond to the impacts of climate change (in Spanish). (2018)
7. Revitalising the agricultural extension service of MAG in Costa Rica (in Spanish). (2018).
8. Impacts of climate variability and change on human health in Central America and the Dominican Republic and formulation of policy responses (in Spanish). (2018).
9. Climate change and food and nutrition security in Central America and the Dominican Republic (in Spanish). (2018)
10. Climate Change in Central America: Potential Impacts and Public Policy Options. (2015)
11. Implementation Report June 2014 - August 2017. (In Spanish) Final version 11 December 2017