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People versus planners: Social Preferences for Adaptation to Climate Change

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  • Leo Dobes

    ()
    (Crawford School of Public Policy, College of Asia and Pacific, Australian National University)

Abstract

Increasing attention is being given to adaptation of natural and human systems to climate change. The academic literature covers a wide spectrum of perspectives. Policy considerations, on the other hand, are driven largely by techno-scientific considerations, including in particular a risk-management approach. However, the inherent uncertainties of climate change mean that conventional risk-management approaches are inappropriate because the risks cannot be quantified. Economic theory, in the form of ‘real options’, offers a conceptual alternative for specifying least-cost adaptation strategies. But little, if any, work has been undertaken to identify individuals’ preferences and priorities, a necessary precondition to estimating the benefits of adaptation measures. It is therefore proposed to identify and compare the priorities and preferences of planners, communities and individuals as a first step towards estimating individuals’ willingness to pay for adaptation measures.

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Bibliographic Info

Paper provided by Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University in its series Environmental Economics Research Hub Research Reports with number 0941.

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Date of creation: Dec 2009
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Handle: RePEc:een:eenhrr:0941

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Cited by:
  1. World Bank, 2011. "Climate Change and Fiscal Policy : A Report for APEC," World Bank Other Operational Studies 2734, The World Bank.
  2. 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).
  3. 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).

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