Economic approaches for assessing climate change adaptation options under uncertainty

The report is an output of the project 'Inventory of methods for adaptation to climate change (IMACC)' specifically looking at approaches for the economic assessment of climate change adaptation options. The report: defines important terminology used in evaluating economic approaches; discusses experience gained using economic methods; identifies and describes in detail available economic approaches (distinguishing between major and supportive approaches); highlights specific challenges with respect to the data needs, the need to include uncertainty and the problem of discounting; and recommends what is required to incorporate economic assessment activities in development projects and programmes The report also discusses and explains the Microsoft Excel-based prototypes available at AdaptationCommunity.net