People versus planners: Social Preferences for Adaptation to Climate Change
AbstractAdaptation of natural and human systems to climate change is receiving increased attention. The academic literature covers a wide spectrum of perspectives. Policy considerations, on the other hand, are largely driven by techno-scientific considerations. In particular, these include a risk-management approach. Climate change, however, is inherently uncertain – because the risks cannot be quantified, conventional risk-management approaches are inappropriate. The ‘real options’ economic theory is used for least-cost adaptation strategies. Identifying individuals’ preferences and priorities is a necessary pre-condition for estimating the benefits of adaptation strategies. Yet little has been done in this area. As a first step towards estimating individuals’ willingness to pay for adaptation measures, this research paper proposes to identify and compare priorities and preferences of planners, communities and individuals.
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Bibliographic InfoPaper provided by Australian National University, Environmental Economics Research Hub in its series Research Reports with number 94890.
Date of creation: 14 Dec 2009
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- Leo Dobes, 2009. "People versus planners: Social Preferences for Adaptation to Climate Change," Environmental Economics Research Hub Research Reports 0941, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
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- Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Ökonomische Grundfragen der Klimaanpassung: Umrisse eines neuen Forschungsprogramms," UFZ Reports 02/2012, Helmholtz Centre for Environmental Research (UFZ).
- Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Fundamental questions on the economics of climate adaptation: Outlines of a new research programme," UFZ Reports 05/2012, Helmholtz Centre for Environmental Research (UFZ).
- World Bank, 2011. "Climate Change and Fiscal Policy : A Report for APEC," World Bank Other Operational Studies 2734, The World Bank.
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