Strengthening the Investment Case for Climate Adaptation: A Triple Dividend Approach

Brandon, Carter; Kratzer, Bradley; Aggarwal, Aarushi; Heubaum, Harald

Abstract

The paper shows how using the Triple Dividend of Resilience framework to evaluate the full benefits of 320 climate adaptation investments reveals their full value. Covering adaptation and resilience investments across 12 countries, the study finds that every $1 invested in adaptation can yield over $10.50 in benefits. With average returns of 20–27%, the analysis provides compelling evidence for scaling adaptation finance, improving data collection and appraisal methods, and unlocking synergies with mitigation.

Citation

Brandon, C., Kratzer, B., Aggarwal, A., & Heubaum, H. (2025). Strengthening the Investment Case for Climate Adaptation: A Triple Dividend Approach

• Working Paper Type: Working Paper
• Online Publication Date: May 29, 2025
• Publication Date: May 29, 2025
• Deposit Date: Jun 23, 2025
• Publicly Available Date: Jun 23, 2025
• Pages: 44
• Series Title: World Resources Institute Working Paper
• DOI: https://doi.org/10.46830/wriwp.25.00019