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This report has been developed to summarise and communicate the key outputs and learnings of the cost–benefit analysis (CBA) work programme undertaken as part of the Global Environment Facility’s Special Climate Change Fund (GEF-SCCF)- and AusAID-funded Pacific Adaptation to Climate Change (PACC) programme.

As part of the Global Environment Fund (GEF)-funded Pacific Adaptation to Climate Change (PACC) programme, a cost–benefit analysis (CBA) work programme was undertaken during 2011 and 2012. The purpose of this work programme was to help improve selection and design of PACC pilot projects, as well as to build Pacific island country (PIC) capacity in the use of CBA. The PACC CBA work programme was the first (substantive) capacity building programme of its kind known to have been delivered to PIC governments.