Adaptation Online was launched in 2008 as a clearinghouse for climate adaptation information. Submissions and comments are welcome.
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Sunday, May 18, 2008

Climate Adaptation: Who Pays?

The UK's Environmental Transformation Fund (ETF) has come under fire after the government has revealed that the mechanism for funding adaptation in the developing world will be provided in the form of loans rather than direct assistance. And so, the debate over who should bear the costs of adaptation shall continue. Those in the development community have a strong point in arguing that such loans force the developing world to pay for the growth of wealthier nations. However, assuming such loans are used to mainstream adaptation in development, aren't distributed in lieu of other assistance and don't overly burden nations with already limited capacity, there remains the potential for good outcomes, particularly if it offers opportunities for significant near-term reductions in vulnerability (without creating other adverse externalities).

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