The Higher Ground Foundation is pleased to announce the launch of the first-of-its kind database of contingent valuation studies applicable for climate adaptation impact assessment.
HGF Executive Chairman, Karl Schultz, notes that "many of the real impacts of climate change cannot be measured using market pricing approaches, and require alternative approaches to incorporate their values into the avoided impact analysis. While AICs that are calculated from market prices are completely appropriate, non-market AICs are equally important and applicable, but may be more challenging to establish with sufficient confidence."
The database, prepared by HGF intern Theeranai (Bek) Charaschanya, is intended to provide support in estimating the non-monetised factors, and refers to work HGF has undertaken in creating an accessible database of applicable studies.
HGF is opening up a dialogue with experts who are interested and/or are developing expertise in valuing adaptation impact costs and benefit. We wish to share our findings while gathering from the experts community more insights, studies, and data that can support AIC estimation.