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Plan or React? Analysis of Adaptation Costs and Benefits Using Integrated Assessment Models

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  • Shardul Agrawala
  • Francesco Bosello
  • Carlo Carraro
  • Kelly de Bruin
  • Enrica De Cian
  • Rob Dellink
  • Elisa Lanzi

Abstract

Financing for adaptation is a core element in the ongoing international negotiations on climate change. This has motivated a number of recent global estimates of adaptation costs. While important from an agenda setting perspective, many of these estimates nevertheless have a number of limitations. They are typically static (i.e. estimated for one specific year), do not differentiate between investments in various types of adaptation or quantify the resulting benefits, and are delinked from policies and investments in greenhouse gas mitigation. Le financement de l’adaptation est un élément essentiel dans les négociations internationales qui se poursuivent concernant le changement climatique. C’est ce qui explique pourquoi un certain nombre d’estimations des coûts de l’adaptation au niveau mondial ont été établies récemment. En dépit de leur importance pour la définition de programmes d’action, beaucoup d’entre elles présentent toutefois plusieurs carences. Elles sont généralement statiques (c’est-à-dire calculées pour une année précise), elles ne font pas de différence entre les investissements en fonction du type de solution d’adaptation ou ne chiffrent pas les avantages qui en découlent, comme elles ne se rattachent pas non plus à des politiques ou à des investissements visant l’atténuation des émissions de gaz à effet de serre.

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Bibliographic Info

Paper provided by OECD Publishing in its series OECD Environment Working Papers with number 23.

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Date of creation: 10 Aug 2010
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Handle: RePEc:oec:envaaa:23-en

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Related research

Keywords: integrated assessment modelling; adaptation; adaptive capacity; climate change; changement climatique; capacité d’adaptation; adaptation; modélisation de l’évaluation intégrée;

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As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Environmental and Natural Resource Economics > Climate economics > Adaptation
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Cited by:
  1. Francesco Bosello & Enrica De Cian, 2013. "Climate Change, Sea Level Rise, and Coastal Disasters. A Review of Modeling Practices," Working Papers, Fondazione Eni Enrico Mattei 2013.104, Fondazione Eni Enrico Mattei.
  2. Karen Fisher-Vanden & Ian Sue Wing & Elisa Lanzi & David Popp, 2013. "Modeling climate change feedbacks and adaptation responses: recent approaches and shortcomings," Climatic Change, Springer, Springer, vol. 117(3), pages 481-495, April.
  3. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
  4. Tyler Felgenhauer & Mort Webster, 2014. "Modeling adaptation as a flow and stock decision with mitigation," Climatic Change, Springer, Springer, vol. 122(4), pages 665-679, February.
  5. Bosello, Francesco & De Cian, Enrica & Ferranna, Licia, 2012. "Choosing the optimal climate change policy in the presence of catastrophic risk," EIB Working Papers 2012/03, European Investment Bank (EIB).

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