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Editor's Choice The Role of Economic Policy in Climate Change Adaptation

Author

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  • Kai A. Konrad
  • Marcel Thum

Abstract

This article assesses the role of the public sector in adaptation to climate change. We first offer a definition and categorization of climate change adaptation. We then consider the primary economic principles that can guide the assignment of adaptation tasks to either the private or the public sector, as well as those guiding assignment within the public sector itself. We find that the role of the state in adaptation policy is limited. We identify information policy, the provision of a suitable regulatory framework in some markets, the formation of human capital and policies fostering economic growth, as well as technological and medical knowledge as the main areas in which the public sector has a role in climate change adaptation. (JEL classification numbers: H54, Q54, Q58)

Suggested Citation

  • Kai A. Konrad & Marcel Thum, 2014. "Editor's Choice The Role of Economic Policy in Climate Change Adaptation," CESifo Economic Studies, CESifo Group, vol. 60(1), pages 32-61.
    • Handle: RePEc:oup:cesifo:v:60:y:2014:i:1:p:32-61.
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    File URL: http://hdl.handle.net/10.1093/cesifo/ift003
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    Cited by:

    1. Johannes Klein & Sirkku Juhola & Mia Landauer, 2017. "Local authorities and the engagement of private actors in climate change adaptation," Environment and Planning C, , vol. 35(6), pages 1055-1074, September.

    More about this item

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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