People versus planners: Social Preferences for Adaptation to Climate Change
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.
|Date of creation:||Dec 2009|
|Contact details of provider:|| Postal: Crawford Building, Lennox Crossing, Building #132, Canberra ACT 2601|
Phone: +61 2 6125 4705
Fax: +61 2 6125 5448
Web page: https://crawford.anu.edu.au/research_units/eerh/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:een:eenhrr:0941. 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: (CAP Web Team)
If references are entirely missing, you can add them using this form.