1、WORKING PAPER|Version 1.0|June 2025|1WORKING PAPERStrengthening the investment case for climate adaptation:A triple dividend approach Carter Brandon,Bradley Kratzer,Aarushi Aggarwal,and Harald HeubaumCONTENTSExecutive summary.1Introduction .3Methodology.5Findings.11Discussion .18Key takeaways and re

2、commendations.22Appendices.24Endnotes.40References.41Acknowledgments.44About the authors.44About WRI .44Working Papers contain preliminary research,analysis,findings,and recommendations.They are circulated to stimulate timely discussion and critical feedback,and to influence ongoing debate on emergi

3、ng issues.Suggested Citation:Brandon,C.,B.Kratzer,A.Aggarwal,and H.Heubaum.2025.“Strengthening the investment case for climate adaptation:A triple dividend approach.”Working Paper.Washington,DC:World Resources Institute.Available online at doi.org/10.46830/wriwp.25.00019.Executive summary Highlights

4、 This study created a database using the triple dividend of resilience(TDR)framework to evaluate the full benefits of 320 adaptation investments in agriculture,water,infrastructure,and health across 12 countries between 2014 and 2024.Overall,US$1 invested in adaptation is expected to yield over$10.5

5、0 in benefits over a 10-year period.The evaluated investments cost$133 billion in total and may generate benefits of$1.4 trillion,with average returns of 27 percent.Good adaptation is also good development.The evaluated investments show significant and diverse benefits for all three dividend types:a

6、voided losses,induced economic benefits,and social and environmental benefits.Since the average value of the second and third dividends are double the value of avoided losses,the viability of many adaptation investments does not depend on the anticipated disaster occurring.Almost half of the evaluat