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Current atmospheric CO2 concentration, ppm
How will the poorest adapt to climate change? Climate change will impact infrastructure, agricultural production, water resources, human health, and ecosystems with potentially devastating consequences to all these systems. Developing countries, while responsible for a small fraction of historical greenhouse gas emissions, will be hurt the worst.
Climate Adaptation Works has developed a market-based concept that will employ the “polluter pays principle” to have industrialized countries finance adaptation measures in developing countries and gain “vulnerability reduction credits” to offset their historical emissions. Thus, an injustice is redressed in an economically efficient manner that may circumvent cumbersome top-down financing structures
Feel free to download the papers below which further
outline the basic concept. Let us know if you would like more
information on our work and how we can help promote pro-poor adaptation
in vulnerable communities:
A new initiative, THE HIGHER GROUND, is being spearheaded by CAW's Karl Schultz as a means of developing, financing, and optimizing a VRC mechanism. For more information and to participate in this new opportunity, go to THE HIGHER GROUND FOUNDATION website.
Climate Adaptation Works' Founder, Karl Schultz led a workshop on climate adaptation finance in Thimphu, Bhutan that considered conventional and innovative approaches to funding the needed measures to reduce this country's vulnerability to climate change...more