IMF Staff Country Reports

Vanuatu: Selected Issues

September 3, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Asia and Pacific Dept "Vanuatu: Selected Issues", IMF Staff Country Reports 2024, 279 (2024), accessed November 21, 2024, https://doi.org/10.5089/9798400288272.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

This Selected Issues paper discusses sea-level rise impacts and adaptation in Vanuatu. Sea-level will continue to increase during this century directly caused by global warming and melting of terrestrial ice. While Vanuatu cannot control global sea-level, it can manage how it affects the country by adapting. Staff analysis estimates the cost of sea-level rise under alternative adaptation strategies: (1) no-adaptation; (2) protection; and (3) planned retreat. Such analysis can help the government to identify trade-offs between efficiency and equity, and choose according to the preferences of the population, consistent with public finance objectives. Preliminary results show that complete protection of coastal areas in Vanuatu is costly while planned retreat from the coastline is the least-cost adaptation response. However, given the mountainous nature of the islands, only small areas of the main population centers of Port Vila and Luganville are at risk of being permanently inundated even with very high sea level rise.

Subject: Climate change, Cross country analysis, Environment, Environmental policy, Natural disasters, Population and demographics

Keywords: Adaptation in Vanuatu, Climate change, Environmental policy, Global, Natural disasters, Sea-level rise, Summary statistics, Surface temperature, Vanuatu with CIAM

Publication Details

You May Also Be Interested In...

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Violent Crime and Insecurity in Latin America and the Caribbean: A Macroeconomic Perspective

November 11, 2024

Colombia: Technical Assistance Report-Report of the Diagnostic Mission on Macro-relevant Climate Change Statistics (July 17–21, 2023)

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024