On August 3, 2010 the World Bank released the Synthesis Report on the Economics of Adaptation to Climate Change Study (EACC). It summarised findings from the global report which was launched in Bangkok, 2009 (“The Costs to Developing Countries of Adapting to Climate Change: New Methods and Estimates”) as well as the findings of seven country case studies, which have been completed since the global report.
The EACC study estimates that it will cost $75 – $100 billion each year to adapt to climate change from 2010 to 2050. The study is funded by the Governments of the United Kingdom, Netherlands, and Switzerland and will help inform the international community’s efforts to provide new and additional resources to developing countries through a better understanding of the global costs of adapting to climate change. The World Bank is also working with seven pilot countries: Bangladesh, the Plurinational State of Bolivia, Ethiopia, Ghana, Mozambique, Samoa and Vietnam on this study.