Climate change is likely to remain a serious issue for decades to come if not indefinitely. One of the key tasks for assisting policy makers in developing countries address the uncertainties of climate change is translating scientific and biophysical processes into economic outcomes. UNU-WIDER’s DUCC – Development Under Climate Change project is particularly aimed at addressing this challenge by using an analytical framework that traces the economic implications of climate change.
The framework used in the project takes into account a wide range of factors including production of hydropower, agricultural yield, water supply/demand balance, and the costs of maintaining infrastructure. These impacts then serve as inputs into an economy-wide model of the country in question which aids the assessment of economic impacts and policy options.