Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving.
This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events.
This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.
Anil Markandya, one of the world's experts on the economics of climate change, has assembled a group of his peers to analyze the complex, under-researched issues involved in deciding how best to adapt to the now-unavoidable changes in climate. Adaptation to a warmer world is a very critical item on our policy agenda, one that does not have nearly the prominence that it merits. This volume is a step in redressing that imbalance.
–Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise, Columbia Business School, USA; Coordinating Lead Author, IPCC WGII 5th Assessment
In future years, this edited volume will be seen as a landmark for its timely and important contribution to our understanding of the economics of climate change adaptation.
–Edward B. Barbier, John S Bugas Professor of Economics, Department of Economics and Finance, University of Wyoming, USA
This book represents a state of the art on the economics of adaptation and will be of great use to all those working in this field.
–Martin Parry, Visiting Professor at Grantham Institute and Centre for Environmental Policy, Imperial College London; Co-Chair of IPCC WGII Fourth assessment
Part 1: Economics and Adaptation 1. Introduction to the economics of adaptation to climate change Elisa Sainz de Muirieta, Ibon Galarraga and Anil Markandya 2. State of the Art on Economics of Adaptation Clemens Heuson, Erik Gawel and Paul Lehmann 3. International Cooperation on Adaptation to Climate Change Jonathan Pickering and Dirk Rubbelke Part 2: Uncertainty, Equity, Valuation and Efficiency 4. Synergies between Adaptation and Mitigation and the Complexity of REDD+ Asbjorn Aaheim and Jorge H. Garcia 5. Incorporating climate change into adaptation programmes and project appraisal. Strategies for Uncertainty Anil Markandya 6. Distributional Impacts: Intra-national, international and inter-temporal aspects of equity in Adaptation Alistair Hunt and Julia Ferguson 7. Discounting Ben Groom 8. The Role of Economic Modelling for Climate Change Mitigation and Adaptation Strategies Francesco Bosello 9. Ecosystem-Based Adaptation Elena Ojea Part 3: Adaptation in Activity Sectors 10. Climate Change and the Energy Sector: Impacts and Adaptation Alberto Ansuategi 11. Water for Agriculture: Some Thoughs on Adaptation to Climate Change from a Policy Perspective Luis Garrote, Ana Iglesias and Alberto Garrido 12. Adaptation in Agriculture Doan Nainggolan, Mette Termansen and Marianne Zandersen 13. Adaptation in Coastal Areas Ingo J. Losada and Pedro Diaz-Simal 14. Climate Change Adaptation and Human Health Aline Chiabai and Joseph V. Spadaro 15. Multi-sectoral Perspective in Modelling of Climate Impacts and Adaptation Miles Perry and Juan Carlos Ciscar 16. Flood Risk Management: Assessment for Prevention with Hydro-economic Approaches Sebastien Foudi and Nuria Oses-Eraso Part 4: Other Dimensions of Adaptation 17. Fast Growing Countries and Adaptation Yan Zheng and Jiahua Pan 18. Economics of Adaptation in Low-income Countries Rodney Lunduka, Saleemul Huq, Muyeye Chambwera, Mintewab Bezabih and Corinne Baulcomb 19. Regional and Local Climate Change Adaptation Policies in Developed Countries Valentine van Gameren 20. the Role of Technology in Adaptation John M. Callaway 21. Disaster Risk Management and Adaptation to Extreme Events: Placing Disaster Risk Management at the heart of National Economic and Fiscal Policy Tom Mitchell, Reinhard Mechler and Katie Peters