File(s) not publicly available
Weathering climate change: Some simple rules to guide adaptation decisions
journal contribution
posted on 2023-06-08, 11:10 authored by Samuel Fankhauser, Joel B Smith, Richard TolRichard TolThis paper discusses some of the elements that may characterise an efficient strategy to adapt to a changing climate. Such a strategy will have to reflect the long time horizon of, and the prevailing uncertainties about, climate change. An intuitively appealing approach therefore seems to be to enhance the flexibility and resilience of systems to react to and cope with climate shocks and extremes, as well as to improve information. In addition, in the case of quasi-irreversible investments with a long lifetime (e.g. infrastructure investments, development of coastal zones), precautionary adjustments may be called for to increase the robustness of structures, or to increase the rate of depreciation to allow for earlier replacement. Many of these measures may already have to be considered now, and could be Worthwhile in their own right, independent of climate change considerations.
History
Publication status
- Published
Journal
Ecological EconomicsISSN
0921-8009Publisher
ElsevierExternal DOI
Issue
1Volume
30Page range
67-78Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-04-18Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC