Fankhauser, Samuel 
ORCID: 0000-0003-2100-7888, Smith, Joel B. and Tol, Richard S. J.
(1999)
Weathering climate change: some simple rules to guide adaptation decisions.
Ecological Economics, 30 (1).
pp. 67-78.
ISSN 0921-8009
Abstract
This 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.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.journals.elsevier.com/ecological-econom... |
| Additional Information: | © 1999 Elsevier |
| Divisions: | Grantham Research Institute |
| Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HB Economic Theory J Political Science > JA Political science (General) |
| JEL classification: | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy |
| Date Deposited: | 07 Dec 2011 09:37 |
| Last Modified: | 10 Apr 2024 18:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/39953 |
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