FINANCING OF MITIGATION AND ADAPTATION TO CLIMATE CHANGES

Abstract

Mitigating climate change ultimately contributes to reducing the costs of adaptation. Expenditures on adaptation are diverse in terms of geographical distribution and they are usually incurred to adapt to climate change or prevent their negative effects, such as natural disasters. These expenditures must be distinguished from expenses to cover disasters’ losses. From the social justice point of view, it is important who bears the costs, who contributes to the additional costs and who benefi ts from climate change. The paper analyses and compares sources of fi nancing of the costs of climate change adaptation and mitigation, to determine the share of individual actors in their performance. The conducted literature review helped in identifying the sources of fi nancing of these costs. The possibilities of growth of adaptation fi nancing need in the face of climate change predictions, and the ability to fi nance the rising costs, including new ways of fi nancing, were also analysed.