Making every dollar count: How investing in climate information pays dividends for the key socioeconomic sectors of Africa: policy brief
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa;
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The socioeconomic benefits framework can be used to show the potential for generating socioeconomic benefits of investing in adaptation interventions: organic farming, drip irrigation and renewable energy. From an economic perspective, results from the three countries show improved GDP growth; from a social perspective, interventions can lead to job creation. Climate information services can be used to identify areas where investment in interventions for climate change adaptation are most needed and yield the highest socioeconomic returns. Social and economic benefits of robust climate information services far outweigh the costs of investing in them; at the same time, the cost of investing in climate information services is minimal compared with the significant costs incurred if countries fail to invest in them. By showing the value for money of investing in climate information services, the framework analysis provides a clear incentive for Governments to make such investments.
Citation“United Nations. Economic Commission for Africa (2019-05). Making every dollar count: How investing in climate information pays dividends for the key socioeconomic sectors of Africa: policy brief. Addis Ababa. © UN. ECA. https://hdl.handle.net/10855/43285”
Serial TitlePolicy brief; 19
- Development Finance