Strengthening climate-resilience in the Mekong Delta – an application of the Economics of Climate Adaption (ECA) methodology

Climate Change has presented an ongoing and eminent threat to various regions, communities and infrastructure worldwide and in-turn increasingly pressuring national and local governments to take action. In the current study we identify and evaluate climate impacts faced by the city of Can Tho in Vietnam and the broader Mekong Delta and appraise preparedness options to manage today’s as well as future climate risk. We first, identify the climate risks in co-operation with various local, national and international stakeholders in the region. This is done on the current and future time scales under Socio-Economic Pathways (SSPs) as suggested in the current iteration of IPCC evaluation process. Based on these development pathways, we apply the Economics of Climate Adaptation (ECA) methodology to quantify the climate risks various sectors of the economy will be facing until 2050 with a focus on flood. Further we assess a range of possible adaption measures - including behavioral, environmental, physical as well as financial measures that can mitigate the identified risks by providing a cost-benefit analysis for each of the adaptation measures as well as for bundles thereof. The ECA methodology has proven to be an established tool to enhance our knowledge on the topic and its application in this specific context will enable stakeholders to strengthen societal resilience in the context of both socio-economic development and climate change.