This paper attempts to assess the costs of adaptation to extreme weather events, asking how climate change will alter the incidence of these events, and how their impact will be distributed geographically. It focuses on the role of socioeconomic development in increasing climate resilience, and in particular analyses the importance of female education and empowerment in reducing weather-related loss risks. Risks and costs of being affected by floods and drought are examined.
World Bank, Washington DC, USA. Discussion Paper 1, 32 pp.