Adaptation to Climate Change Needs and Opportunities in Southeast Asia

Herminia A. Francisco

This paper focuses on the adaptation strategies of developing countries and the possible adaptation options available for Southeast Asia. Adaptation refers to the actions taken by individuals, communities, or governments in response to climate change, to reduce the adverse impacts or to take advantage of opportunities offered by such changes. Adaptation strategies have hardly been considered by many Southeast Asian countries in as recently as two or three years ago. The cost of adaptation and the funding available is also discussed, with the possibility of using institutions for risk sharing (disaster management) and risk transfer (insurance and derivatives) as measures to adapt. A regional outlook for adaptation for Southeast Asia concludes the paper.