Search the SPREP Catalogue

The Asia and Pacific region is extremely vulnerable to the impacts of climate change. Unabated warming could significantly undo previous achievements of economic development and improvements of living standards. At the same time, the region has both the economic capacity and weight of influence to change the present fossil-fuel based development pathway and curb global emissions. This report sheds light on the regional implications of the latest projections of changes in climate conditions over Asia and the Pacific. The assessment concludes that, even under the Paris consensus scenario in which global warming is limited to 1.5°C to 2°C above preindustrial levels, some of the land area, ecosystems, and socioeconomic sectors will be significantly affected by climate change impacts, to which policy makers and the investment community need to adapt to. However, under a Business-As-Usual (BAU) scenario, which will cause a global mean temperature rise of over 4°C by the end of this century, the possibilities for adaptation are drastically reduced. Among others, climate change impacts such as the deterioration of the Asian “water towers”, prolonged heat waves, coastal sea-level rise and changes in rainfall patterns could disrupt ecosystem services and lead to severe effects on livelihoods which in turn would affect human health, migration dynamics and the potential for conflicts. This assessment also underlines that, for many areas vital to the region’s economy, research on the effects of climate change is still lacking.

In response to the dire social and economic consequences predicted to result from climate change—especially for the most vulnerable populations in developing countries— policy makers around the world are working toward a new long-term international framework to address this global challenge. Asia and the Pacific has the world’s most dynamic economies but also the greatest number of people at risk from climate change as well as the fastest-growing emissions of greenhouse gases (GHGs)—the cause of global warming. Unless Asia and the rest of the world act to stabilize GHG emissions, poverty reduction efforts will experience new threats from climate-induced risks to the health, safety, and productivity of the poor. Such impacts are already affecting populations across the region, so even with aggressive actions, measures are needed to protect the most vulnerable from the adverse effects of sea level rise, melting glaciers, more frequent and severe climate-related natural disasters, greater variability of rainfall, and other predicted consequences of climate change.

A strong state reinforces investment yield, whether this results from public or private sector investment. Th e development needs of a weak state must diff er from those of a strong state. Th e fragile states of the Pacifi c are not the dynamic societies of Asia.1 Th ese may sound like obvious statements but the special needs of Pacifi c fragile states have not been apparent in earlier approaches to development in the Pacifi c region. Current Asian Development Bank (ADB) regional and country strategies and programs diff er from those of earlier years. Emphasis on maintaining project loan portfolios has been lessened and replaced by an emphasis on strengthening state operations, including testing and strengthening the demand for reform, and engaging civil society in development decisions. Th e shift is toward greater participation in development with the aim of building demand for good governance and reform to support performance-oriented delivery of public and private goods and services.

Recent studies have shown that the Cook Islands' social infrastructure has limited preparedness against weather-related vulnerability. The inherent geographical vulnerability of the country to climate change can be ameliorated by initiating integrated infrastructure and social development, including human resources development.

While development of natural non living resources such as minerals and water can better the lives of Pacific islanders, it needs to be managed to ensure a safe and healthy environment. And as any resource manager today knows, to manage resources we need to manage the people who use them. A number of projects in the Pacific have recently turned to economic tools to help manage the way people use non living natural resources. In this paper selected case studies will be used to: ? demonstrate the different ways that economic tools are helping to improve the governance of a variety of non living natural resources in the Pacific: and ? consider the prospects for using these tools more generally in the Pacific in the future. To highlight the ways in which economic tools can improve the governance of non living natural resources, a simple project cycle is used. A number of case studies including the following are used to show how economic tools are improving management of non living natural resources in different sectors including water, disasters, oceans., minerals and energy. Details of case sftidies are provided in the paper accompanying the presentation. Following discussion of the case studies, the implications for using economic analysis to support the management of 11011 living resources in the Pacific is discussed.