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Views of the frontiers in climate change adaptation economics

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  • Thomas E. Downing

Abstract

The shift from framing climate change adaptation as vulnerability–impacts to adaptation pathways is also a shift from a predict‐and‐provide approaches to understanding dynamic processes. Studies of the economics of adaptation relying only on the comparative statics of reference and climate impacts scenarios ignore the more challenging frontier of representing decision processes and uncertainty. The logic of the shift to dynamic‐pathway approaches is widely accepted in principal. Effective analytical tools are only beginning to appear. Further case studies are required to explore the matrix of uncertainty in future climate conditions against the range of metrics for valuing impacts in decision processes. WIREs Clim Change 2012, 3:161–170. doi: 10.1002/wcc.157 This article is categorized under: Climate Economics > Aggregation Techniques for Impacts and Mitigation Costs

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  • Thomas E. Downing, 2012. "Views of the frontiers in climate change adaptation economics," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 3(2), pages 161-170, March.
    • Handle: RePEc:wly:wirecc:v:3:y:2012:i:2:p:161-170
    DOI: 10.1002/wcc.157
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    2. Ezekiel Grant & Nikolaos Iliopoulos & Miguel Esteban & Motoharu Onuki, 2024. "A tale of two (Florida) cities: perceptions of flooding risk and adaptation in Tampa’s Hyde Park and Saint Augustine," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 29(8), pages 1-20, December.
    3. Nguyen Hong Duc & Ram Avtar & Pankaj Kumar & Pham Phuong Lan, 2021. "Scenario-based numerical simulation to predict future water quality for developing robust water management plan: a case study from the Hau River, Vietnam," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 26(7), pages 1-38, October.
    4. Anna Josephson & Rodrigo Guerra Su & Greg Collins & Katharine Jacobs, 2024. "The Economics of Climate Adaptation: An Assessment," Papers 2411.16893, arXiv.org.
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    6. Chi Truong & Matteo Malavasi & Han Li & Stefan Trueck & Pavel V. Shevchenko, 2024. "Optimal dynamic climate adaptation pathways: a case study of New York City," Papers 2402.02745, arXiv.org.

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