IDEAS home Printed from https://ideas.repec.org/p/lsg/lsgwps/wp235.html
   My bibliography  Save this paper

The economics of adaptation and climate-resilient development: lessons from projects for key adaptation challenges

Author

Listed:
  • Paul Watkiss
  • Federica Cimato

Abstract

This working paper aims to inform the development community about the current state-of-knowledge and emerging thinking on the economics of adaptation and the application to development. The paper explores a number of key challenges on the economics of adaptation, and investigates examples of how these are being addressed in practical case studies. The case studies are drawn from the portfolio of the International Development Research Centre (IDRC) and the wider literature. The key areas of focus have been to assess: – Mainstreaming adaptation into development planning. – The analysis and appraisal of building (adaptive) capacity and non-technical adaptation. – The consideration of distributional effects. – The phasing and prioritisation of adaptation and the application of light-touch approaches for decision making under uncertainty.

Suggested Citation

  • Paul Watkiss & Federica Cimato, 2016. "The economics of adaptation and climate-resilient development: lessons from projects for key adaptation challenges," GRI Working Papers 235, Grantham Research Institute on Climate Change and the Environment.
    • Handle: RePEc:lsg:lsgwps:wp235
    as

    Download full text from publisher

    File URL: http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2016/05/Working-Paper-235-Watkiss-and-Cimato.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Samuel Fankhauser, 2010. "The costs of adaptation," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 1(1), pages 23-30, January.
    2. Stéphane Hallegatte, 2012. "A cost effective solution to reduce disaster losses in developing countries: hydro-meteorological services, early warning, and evacuation," Post-Print hal-00802045, HAL.
    3. Joyashree Roy, "undated". "Estimating the Economic Benefits of Arsenic Removal in India: A Case Study from West Bengal," Working papers 15, The South Asian Network for Development and Environmental Economics.
    4. Wang, Jinxia & Yang, Yu & Huang, Jikun & Chen, Kevin, 2015. "Information provision, policy support, and farmers’ adaptive responses against drought: An empirical study in the North China Plain," Ecological Modelling, Elsevier, vol. 318(C), pages 275-282.
    5. Ahmad, Munir & Nawaz, Muhammad & Iqbal, Muhammad & Javed, Sajid, 2014. "Analysing the Impact of Climate Change on Rice Productivity in Pakistan," MPRA Paper 72861, University Library of Munich, Germany.
    6. Hallegatte, Stephane, 2011. "How economic growth and rational decisions can make disaster losses grow faster than wealth," Policy Research Working Paper Series 5617, The World Bank.
    7. Seema Jayachandran, 2006. "Selling Labor Low: Wage Responses to Productivity Shocks in Developing Countries," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 538-575, June.
    8. Paul Watkiss, 2015. "A review of the economics of adaptation and climate-resilient development," GRI Working Papers 205, Grantham Research Institute on Climate Change and the Environment.
    9. Richard S.J. Tol & Gary W. Yohe, 2006. "The Weakest Link Hypothesis For Adaptive Capacity: An Empirical Test," Wesleyan Economics Working Papers 2006-005, Wesleyan University, Department of Economics.
    10. Ahmad, Munir & Siftain, Hassan & Iqbal, Muhammad, 2014. "Impact of Climate Change on Wheat Productivity in Pakistan: A District Level Analysis," MPRA Paper 72859, University Library of Munich, Germany.
    11. Hallegatte, Stephane & Shah, Ankur & Lempert, Robert & Brown, Casey & Gill, Stuart, 2012. "Investment decision making under deep uncertainty -- application to climate change," Policy Research Working Paper Series 6193, The World Bank.
    12. Thureson, Disa, 2012. "Avoiding path dependence of distributional weights: Lessons from climate change economic assessment," Working Papers 2012:8, Örebro University, School of Business, revised 01 Feb 2016.
    13. Guerrero, Santiago & Juárez, Miriam & López, Jesús, 2014. "Corn Production, Cultivated Area and Price Responses to Climate Change in Mexico," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170694, Agricultural and Applied Economics Association.
    14. Lindsey Jones & Andrew Dougill & Richard G. Jones & Anna Steynor & Paul Watkiss & Cheikh Kane & Bettina Koelle & Wilfran Moufouma-Okia & Jon Padgham & Nicola Ranger & Jean-Pierre Roux & Pablo Suarez &, 2015. "Ensuring climate information guides long-term development," Nature Climate Change, Nature, vol. 5(9), pages 812-814, September.
    15. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    16. Olof Johansson-Stenman, 2005. "Distributional Weights in Cost-Benefit Analysis—Should We Forget about Them?," Land Economics, University of Wisconsin Press, vol. 81(3).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amsalu Woldie Yalew & Georg Hirte & Hermann Lotze-Campen & Stefan Tscharaktschiew, 2019. "The Synergies and Trade-Offs of Planned Adaptation in Agriculture: a General Equilibrium Analysis for Ethiopia," Economics of Disasters and Climate Change, Springer, vol. 3(3), pages 213-233, October.
    2. Sonja, Vermeulen & Meryl, Richards & Alessandro, De Pinto & Dino, Ferrarese & Peter, Läderach & Le, Lan & Marty, Luckert & Enrico, Mazzoli & Laura, Plant & Roberto, Rinaldi & Jim, Stephenson & Paul, W, 2016. "The Economic Advantage: Assessing the value of climate-change actions in agriculture," IFAD Advantage Series 304740, International Fund for Agricultural Development (IFAD).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Munir Ahmed & Ghulam Mustafa & Muhammad Iqbal, 2016. "Impact of Farm Households’ Adaptations to Climate Change on Food Security: Evidence from Different Agro-ecologies of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 55(4), pages 561-588.
    2. Stéphane Hallegatte, 2012. "An exploration of the link between development, economic growth, and natural risk," Post-Print hal-00802047, HAL.
    3. Dittrich, Ruth & Wreford, Anita & Moran, Dominic, 2016. "A survey of decision-making approaches for climate change adaptation: Are robust methods the way forward?," Ecological Economics, Elsevier, vol. 122(C), pages 79-89.
    4. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2014. "What Do We Learn from the Weather? The New Climate-Economy Literature," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 740-798, September.
    5. Meraj Sarwary & Senthilnathan Samiappan & Ghulam Dastgir Khan & Masaood Moahid, 2023. "Climate Change and Cereal Crops Productivity in Afghanistan: Evidence Based on Panel Regression Model," Sustainability, MDPI, vol. 15(14), pages 1-13, July.
    6. Qu, Jiansheng & Zeng, Jingjing & Li, Yan & Wang, Qin & Maraseni, Tek & Zhang, Lihua & Zhang, Zhiqiang & Clarke-Sather, Abigail, 2013. "Household carbon dioxide emissions from peasants and herdsmen in northwestern arid-alpine regions, China," Energy Policy, Elsevier, vol. 57(C), pages 133-140.
    7. Thomas D. Pol & Ekko C. Ierland & Silke Gabbert, 2017. "Economic analysis of adaptive strategies for flood risk management under climate change," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(2), pages 267-285, February.
    8. Juan C. Ciscar & Daniele Paci & Lucia Vergano, 2010. "Issues on the Economics of Adaptation to Climate Change," Chapters, in: Emilio Cerdá Tena & Xavier Labandeira (ed.), Climate Change Policies, chapter 3, Edward Elgar Publishing.
    9. Hallegatte, Stephane & Heal, Geoffrey & Fay, Marianne & Treguer, David, 2011. "From growth to green growth -- a framework," Policy Research Working Paper Series 5872, The World Bank.
    10. Rodrigo Garcia‐Verdu & Alexis Meyer‐Cirkel & Akira Sasahara & Hans Weisfeld, 2022. "Importing inputs for climate change mitigation: The case of agricultural productivity," Review of International Economics, Wiley Blackwell, vol. 30(1), pages 34-56, February.
    11. Barbora Sedova & Matthias Kalkuhl & Robert Mendelsohn, 2020. "Distributional Impacts of Weather and Climate in Rural India," Economics of Disasters and Climate Change, Springer, vol. 4(1), pages 5-44, April.
    12. Sussman Fran & Weaver Christopher P. & Grambsch Anne, 2014. "Challenges in applying the paradigm of welfare economics to climate change," Journal of Benefit-Cost Analysis, De Gruyter, vol. 5(3), pages 347-376, December.
    13. Yonas Alem & Mathilde Maurel & Katrin Millock, 2016. "Migration as an Adaptation Strategy to Weather Variability: An Instrumental Variables Probit Analysis," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01955941, HAL.
    14. Thierry Bréchet & Natali Hritonenko & Yuri Yatsenko, 2013. "Adaptation and Mitigation in Long-term Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(2), pages 217-243, June.
    15. Lindsey Jones & Clara Champalle & Sabrina Chesterman & Laura Cramer & Todd A. Crane, 2017. "Constraining and enabling factors to using long-term climate information in decision-making," Climate Policy, Taylor & Francis Journals, vol. 17(5), pages 551-572, July.
    16. Paul Watkiss, 2015. "A review of the economics of adaptation and climate-resilient development," GRI Working Papers 205, Grantham Research Institute on Climate Change and the Environment.
    17. Patrice Dumas & Minh Ha-Duong, 2013. "Optimal growth with adaptation to climate change," Climatic Change, Springer, vol. 117(4), pages 691-710, April.
    18. Sonja, Vermeulen & Meryl, Richards & Alessandro, De Pinto & Dino, Ferrarese & Peter, Läderach & Le, Lan & Marty, Luckert & Enrico, Mazzoli & Laura, Plant & Roberto, Rinaldi & Jim, Stephenson & Paul, W, 2016. "The Economic Advantage: Assessing the value of climate-change actions in agriculture," IFAD Advantage Series 304740, International Fund for Agricultural Development (IFAD).
    19. Eory, Vera, 2015. "Evaluating the use of marginal abatement cost curves applied to greenhouse gas abatement in agriculture," Working Papers 199777, Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group.
    20. Zeenatul Islam & Mohammad Alauddin & Md. Abdur Rashid Sarker, 2017. "Farmers’ perception on climate change-driven rice production loss in drought-prone and groundwater-depleted areas of Bangladesh: An ordered probit analysis," Discussion Papers Series 579, School of Economics, University of Queensland, Australia.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lsg:lsgwps:wp235. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: The GRI Administration (email available below). General contact details of provider: https://edirc.repec.org/data/grlseuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.