SEARCH

SEARCH BY CITATION

Keywords:

  • urban water;
  • climate change;
  • uncertainty

Policies for assessing the effects of climate change risk and uncertainty on urban water provision are analysed with reference to Australia. The emphasis is on analytical insights derived from use of low-order real option and stochastic dynamic programming models. Attention is also paid to insurance and portfolio approaches and to issues raised by uncertainty, gross ignorance and catastrophic risks.