ADAPTING TO NATURAL DISASTERS IN AFRICA
Year: 2022
Content-Type: Research Paper
Description: The private sector has an indispensable role to play in advancing climate adaptation and resilience building. The need for private sector solutions to address climate change impacts is even more pronounced in Africa given its sizable needs for adaptation and the limited fiscal space of most African states to adapt and build resilience to climate and disaster risks. However, mobilizing private investment in adaptation is made complicated by the difficulty for firms of measuring and internalizing the opportunity cost of no adaptation, and by limited practical knowledge on the bankability and cost-effectiveness of adaptation solutions. This paper tries to fill some of these knowledge gaps, first by assessing the economic costs of floods and droughts – the two most economically and socially damaging natural disasters in Africa; and second by measuring the upfront private investments needed in each African country to offset the losses induced by these disasters, assuming that such investments would generate a sufficient economic return.
Pages: 18 pages
Author: Mounir, Bari & Sébastien, Dessus
Categories: Aid, Biodiversity Protection, Climate / Resilience, Developing countries, Infrastructures, Investments, Publications, Sustainability, Technologies & Innovations
Tags: Climate Mitigation, Developing Countries, Infraestructure, Investment, Sustainable development