Views of the frontiers in climate change adaptation economics
Article first published online: 16 FEB 2012
Copyright © 2012 John Wiley & Sons, Ltd.
Wiley Interdisciplinary Reviews: Climate Change
Volume 3, Issue 2, pages 161–170, March/April 2012
How to Cite
Downing, T. E. (2012), Views of the frontiers in climate change adaptation economics. WIREs Clim Change, 3: 161–170. doi: 10.1002/wcc.157
- Issue published online: 19 MAR 2012
- Article first published online: 16 FEB 2012
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
For further resources related to this article, please visit the WIREs website.