Project brief: Climate Resilient Economic Development (CRED): Managing economics risks of climate change
This project report explains how the Climate Resilient Economic Development (CRED) programme supports the partner countries in developing climate-sensitive development plans and economic development strategies. Setting this framework for climate-resilient economic development will help mitigate the economic and social risks due to climate change. This will also contribute to accomplishing national adaptation goals in national climate strategies and adaptation plans (NAPs) and Nationally Determined Contributions (NDCs) while maintaining sectoral competitiveness.
The CRED programme supports its partners in developing climate-sensitive development plans and economic development strategies, by:
- Developing methods and tools for modelling the economic impacts of climate change and adaptation options;
- Supporting the lead executing agencies and implementing partners to become independent users of macro-economic models (capacity building through training and coaching);
- Supporting the lead executing agencies and relevant stakeholder in integrating the results in policy-making processes and adaptation planning.
The programme creates synergies by achieving the same objective across the three countries but considering different starting positions, existing tools and requirements that result in individual measures for capacity building and policy advice.
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