Economics of Climate Change

25 Jan 2012
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Summary

The Economics of Climate Change for Malaysia (ECCM) project is study undertaken by the Government of Malaysia (GoM)– United Nations Development Programme (UNDP). The Economic Planning Unit, Prime Minister’s Department (EPU) is the executing agency.

The ECCM project started in July 2010 and scheduled to complete in two years. The main objective of the ECCM study is to assess the economic costs and benefits of adaptation and mitigation measures in specific sectors. The three components of the ECCM study are as follows:

i.  Development of Database and Methodologies;
ii. Economic Modeling and Impact Studies; and
iii.Policy Options

The results of the project can be used not only as a basis to prescribe mitigation and adaptation measures but also for Malaysia in positioning herself in any commitment under The United Nations Framework Convention on Climate Change (UNFCCC).

The policy options will help in identifying the appropriate response to climate change i.e. adaptation and mitigation and making sure the measures taken are in line with the national priorities. The inception period helped raise the awareness of key stakeholders and secure a high level of their participation. Through the ECCM study, several activities have been organised, including workshops and seminars to build the capacity of key members as well as stakeholders, examine the feasibility of economic models, database, and also explored the policy questions.

This Inception Report will discuss on the work done and provide a revised plan which consists of key tasks, an institutional approach for ECCM, and strategies to ensure that the project will meet its deadlines and the project objectives to move forward.

This report also contains annexes that specify details such as terms of reference (TOR) for the various management committees as well as project staff requirements and reports of activities held thus far.

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