EconPapers    
Economics at your fingertips  
 

Planned Relocation of Climate-Vulnerable Communities: Preparing Multilateral Development Banks

Steven Goldfinch and Sam Huckstep
Additional contact information
Steven Goldfinch: Center for Global Development, on secondment from the Asian Development Bank
Sam Huckstep: Center for Global Development

No 352, Policy Papers from Center for Global Development

Abstract: Planned relocation of highly climate-vulnerable communities is becoming increasingly necessary as climate shocks become more frequent and intense. It is also becoming more feasible as modelling of future scenarios improves and adaptation limits become clearer. Despite this, many governments are underprepared for planning and implementing planned relocation projects. In the absence of an intergovernmentally agreed framework or set of principles on planned relocation, development finance, and specifically climate finance, is not well positioned to respond to this emerging demand from countries. This is heightened by a widespread absence of coherent domestic policies, and by institutional gaps in international assistance. Multilateral development banks, in particular, could be well-placed to fill this gap. They have extensive experience in undertaking relocation projects, including in contexts of climate adaptation. Multilateral development banks will increasingly field borrower country demand for both technical and financial assistance. They are, however, not yet prepared to meet this demand, nor are countries adequately equipped to make applications for support. This paper outlines emerging public policy regarding planned relocation, draws from existing standards on development-forced displacement and resettlement, and explores entry points for development financiers in providing technical assistance and finance. The paper proposes recommendations to multilateral development banks and the global climate funds on engaging in this emerging area.

Pages: 38 pages
Date: 2025-02-12
New Economics Papers: this item is included in nep-env and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cgdev.org/publication/planned-relocati ... l&utm_campaign=repec

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:352

Access Statistics for this paper

More papers in Policy Papers from Center for Global Development Contact information at EDIRC.
Bibliographic data for series maintained by Publications Manager ().

 
Page updated 2025-03-31
Handle: RePEc:cgd:ppaper:352