Side event 9
Building domestic capacity for an effective adaptation and resilient economic development in Small Islands Developing Countries of the African, Caribbean and Pacific States
Where: CARIBBEAN PAVILION – When: Wednesday, 20th November, 4-4:50 PM
The ClimSA approach to policy development is based on assessing the benefits of climate information and services for climate-sensitive socio-economic sectors, in order to inform policy development. The evaluation of users’ outcomes will serve as a catalyst for policy and regulation development. Each RCC is required to produce climate information (outputs of the action) through a co-production mechanism, ensuring the outputs are tailored to the specific needs of particular sectors.
This side event aims at showcasing ClimSA’s contribution to the process of demonstrating socio-economic benefits (SEB) of climate information services (CIS). The ClimSA Programme had developed a SEB tool, which assesses the economic and social benefits of climate information services in comparison to the costs of investments. The framework essentially built on a business case for ongoing investment in CIS, by showing the impacts of integrating climate information into the policy and resource allocation process. The outputs of the SEB tool are key inputs for policy awareness to inform policy development.
The side event will present first results of the socio-economic benefit assessment conducted in the pilot regional focus countries such as Fiji, Guyana, Burkina Faso and Kenya.
ACMAD will contribute in discussions