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Cost and benefit analysis of adopting climate adaptation practices among smallholders: The case of five selected practices in Ghana

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Title Cost and benefit analysis of adopting climate adaptation practices among smallholders: The case of five selected practices in Ghana
 
Creator Williams, Portia Adade
Karanja Ng'ang'a, Stanley
Crespo, Olivier
Abu, Mumuni
 
Subject cost benefit analysis
climate change adaptation
smallholders
horticulture
análisis de costos y beneficios
adaptación al cambio climático
pequeños agricultores
 
Description Smallholder farmers mostly depend on agriculture for their sustenance yet the sector is threatened by changing climate. It is essential for smallholders to adapt to reduce their vulnerability. Estimating the economic effectiveness of climate adaptation practices would enhance planning and actions among stakeholders and consequently impact policy. This study conducted an ex-ante in-depth empirical analysis of the costs and benefits of implementing five climate adaptation strategies identified among smallholder horticultural farmers in Ghana. A total of 180 smallholder households who have implemented the identified practices in two horticultural cropgrowing municipalities were surveyed. Profitability indicators, evaluation of environmental and social externalities were employed to comparatively estimate the cost-effectiveness of the practices. The results indicated that, from private and public perspectives, implementing any of the five adaptation practices would yield positive benefits. However, considering the capital required, payback period for investments made and risks from implementation, two out of the five practices are particularly fitting choices for the smallholders. Institutional and policy support is desirable if all the practices are to be adopted. To broaden information on potential of climate adaptation vis-a-vis ` climatic effects with economic analysis, the study proposes integrating localized climate vulnerability and economic assessments for enhanced climate adaptation actions.
 
Date 2020-12
2021-01-14T09:44:34Z
2021-01-14T09:44:34Z
 
Type Journal Article
 
Identifier Williams, P.A.; Karanja Ng’ang’a, S.; Crespo, O.; Abu, M. (2020) Cost and benefit analysis of adopting climate adaptation practices among smallholders: The case of five selected practices in Ghana. Climate Services 20: 100198 ISSN: 2405-8807
2405-8807
https://hdl.handle.net/10568/110860
https://doi.org/10.1016/j.cliser.2020.100198
 
Language en
 
Rights CC-BY-NC-ND-4.0
Open Access
 
Format application/pdf
 
Publisher Elsevier BV
 
Source Climate Services