An economic approach to adaptation: illustrations from Europe
Policy makers are still struggling to find a rational and effective way to handle adaptation to climate change. This paper discusses a more strategic, economic approach to public adaptation and compares it with adaptation practice in Europe. An economic approach to adaptation involves setting priorities, both spatially (where to adapt) and inter-temporally (when to adapt). The paper reviews what we know about Europe’s geographic adaptation priorities. On inter-temporal priorities, it recommends fast-tracking two types of action: Win-win measures that yield an immediate return, such as water efficiency, and strategic decisions on infrastructure and spatial planning that have long-term consequences for Europe’s vulnerability profile. An economic approach to adaptation involves careful project design to ensure adaptation measures are cost-effective and flexible in the light of climate uncertainty (how to adapt). The final element of an economic approach to adaptation is the division of labour between the state and private actors (who should adapt). The paper argues that the traditional functions of the state—the provision of public goods, creation of an enabling environment and protection of the vulnerable—also apply to adaptation. Copyright Springer Science+Business Media Dordrecht 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 118 (2013)
Issue (Month): 2 (May)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/10584|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Tol, Richard S. J., 2008.
"The Social Cost of Carbon: Trends, Outliers and Catastrophes,"
Economics - The Open-Access, Open-Assessment E-Journal,
Kiel Institute for the World Economy, vol. 2, pages 1-22.
- Richard S.J. Tol, 2007. "The Social Cost Of Carbon: Trends, Outliers And Catastrophes," Working Papers FNU-144, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2007.
- Tol, Richard S. J., 2007. "The Social Cost of Carbon: Trends, Outliers and Catastrophes," Economics Discussion Papers 2007-44, Kiel Institute for the World Economy.
- Hallegatte, Stephane & Lecocq, Franck & de Perthuis, Christian, 2011.
"Designing climate change adaptation policies : an economic framework,"
Policy Research Working Paper Series
5568, The World Bank.
- Lecocq, Franck & Hallegatte, Stéphane & De Perthuis, Christian, 2011. "Designing Climate Change Adaptation Policies : An Economic Framework," Economics Papers from University Paris Dauphine 123456789/7780, Paris Dauphine University.
- Alex Bowen & Sarah Cochrane & Samuel Fankhauser, 2012. "Climate change, adaptation and economic growth," Climatic Change, Springer, vol. 113(2), pages 95-106, July.
- Susan Subak, 2000. "Climate Change Adaptation in the U.K. Water Industry: Managers' Perceptions of Past Variability and Future Scenarios," Water Resources Management, Springer, vol. 14(2), pages 137-156, April.
- Stéphane Hallegatte & Fanny Henriet & Jan Corfee-Morlot, 2008.
"The Economics of Climate Change Impacts and Policy Benefits at City Scale: A Conceptual Framework,"
OECD Environment Working Papers
4, OECD Publishing.
- Stéphane Hallegatte & Fanny Henriet & Jan Corfee-Morlot, 2011. "The economics of climate change impacts and policy benefits at city scale: a conceptual framework," Climatic Change, Springer, vol. 104(1), pages 51-87, January.
- Jan Corfee-Morlot & Ian Cochran & Stéphane Hallegatte & Pierre-Jonathan Teasdale, 2011. "Multilevel risk governance and urban adaptation policy," Climatic Change, Springer, vol. 104(1), pages 169-197, January.
- Russell Sobel & Peter Leeson, 2006. "Government's response to Hurricane Katrina: A public choice analysis," Public Choice, Springer, vol. 127(1), pages 55-73, April.
When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:118:y:2013:i:2:p:367-379. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.