Opportunities and Challenges of Climate Adaptation Policies: Republic of Moldova

February 9, 2024

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Format: Chicago

Armand P Fouejieu. Opportunities and Challenges of Climate Adaptation Policies: Republic of Moldova, (USA: International Monetary Fund, 2024) accessed December 21, 2024

Summary

Moldova is more vulnerable to climate change than the rest of Europe, due to its (i) higher sensitivity to changes in climate conditions (reflecting its heavier reliance on agriculture, a comparatively-larger rural population, high dependence on energy imports and limited diversification of energy supply sources, and limited financial resources to provide high-quality public services); and (ii) weaker adaptative capacity to climate shocks (due to its comparatively weaker disaster preparedness strategy, low adaptation in the agriculture sector and poorer quality of infrastructure). Adaptation investments can substantially reduce output losses caused by natural disasters, are more cost-efficient than responding to disasters ex-post, and can contribute to boost Moldova’s long-term economic growth and support its development objectives.

Subject: Climate change, Environment, Infrastructure, International organization, Monetary policy, National accounts, Natural disasters, Public debt

Keywords: Adaptation, Adaptation gap, Adaptation investment, Climate adaptation policy, Climate change, Disaster preparedness strategy, Economic growth, Europe, Global, Infrastructure, Macro impact, Natural disasters, Public debt

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2024/002
Stock No:

SIPEA2024002
ISBN:

9798400267093
ISSN:

2958-7875

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