The Economics of Climate-Resilient Development

Reviews / Votes

'An extremely timely book. The Paris Climate Agreement establishes a global goal on adaptation of enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change. The book addresses the key question of how such a goal could be achieved by arguing that adaptation and resilience cannot be separated from ongoing and dynamic development processes. Although written from an economics perspective it draws on a wide range of literatures and experiences and is eminently readable. Indeed, it should be read not only by students of development and planning but also by practitioners, in both the public and private sectors, whose development choices will affect future vulnerabilities to climate change.' -- Dame Judith Rees, London School of Economics, UK 'This book brings much-needed nuance and evidence to the complicated relationship between vulnerability and climate change - A must-read for all interested in climate and development.' -- Richard S.J. Tol, University of Sussex, UK and Vrije Universiteit Amsterdam, the Netherlands 'The key contribution of this book is to highlight the fact that adaptation to climate change - or climate-resilient development - must be seen in a dynamic context over a long time period. ''Transformational'' adaptation recognises that countries are undergoing rapid socio-economic transformation independently of climate change. It takes a long-term perspective on investment decisions, recognising the many uncertainties associated with the impact of climate change. The book challenges conventional ways of thinking and also provides many practical examples of how to do things better.' -- Simon Maxwell CBE, Executive Chair, Climate and Development Knowledge Network 'Fankhauser and McDermott show how to construct more climate resilient economies, the politics which lie behind choices made, and design of pathways to transformation if people are to manage and prosper in the difficult years ahead.' -- Camilla Toulmin, International Institute for Environment and Development (IIED), UK