Routledge Handbook of the Economics of Climate Change Adaptation
Edited by Anil Markandya, Ibon Galarraga, Elisa Sainz de Murieta
Routledge – 2014 – 464 pages
Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving.
This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events.
This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.
Anil Markandya, one of the world's experts on the economics of climate change, has assembled a group of his peers to analyze the complex, under-researched issues involved in deciding how best to adapt to the now-unavoidable changes in climate. Adaptation to a warmer world is a very critical item on our policy agenda, one that does not have nearly the prominence that it merits. This volume is a step in redressing that imbalance.
–Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise, Columbia Business School, USA; Coordinating Lead Author, IPCC WGII 5th Assessment
In future years, this edited volume will be seen as a landmark for its timely and important contribution to our understanding of the economics of climate change adaptation.
–Edward B. Barbier, John S Bugas Professor of Economics, Department of Economics and Finance, University of Wyoming, USA
This book represents a state of the art on the economics of adaptation and will be of great use to all those working in this field.
–Martin Parry, Visiting Professor at Grantham Institute and Centre for Environmental Policy, Imperial College London; Co-Chair of IPCC WGII Fourth assessment
Part 1: Economics and Adaptation 1. Methodological Issues: Review Ibon Galarraga and Elisa Sainz de Murieta 2. State of the Art in Measuring the Cost of Adaptation Clements Heuson and Erik Gawel 3. International Cooperation on Adaptation to Climate Change Dirk Rübbelke and Jonathan Pickering Part 2: Uncertainty, Equity, Valuation and Efficiency 4. Synergies between Adaptation and Mitigation and the Complexity of REDD+ Asbjørn Aaheim 5. Sources of Uncertainty and How to Address them Anil Markandya 6. Distributional Impacts: Intra, inter and international Alistair Hunt 7. Discount Rates Ben Groom 8. The Role of Economic Modelling for Climate Change Mitigation and Adaptation Strategies Francesco Bosello 9. Ecosystem Based Adaptation Elena Ojea Part 3: Adaptation in Activity Sectors 10. Main Issues in Energy Sector Alberto Ansuategi 11. On Water for Food: Prioritizing Adaptation Choices Alberto Garrido, Ana Iglesias 12. Adaptation in Agriculture Mette Termansen 13. Adaptation in Coastal Areas Iñigo J. Losada 14. Adaptation in Health Sector Aline Chiabai and Joseph Spadaro 15. Multi-sectoral Perspective in Climate and Adaptation Modelling Juan Carlos Ciscar 16. Flood Risk Management: Assessment for Prevention with Hydro-economic Approaches Nuria Osés-Eraso and Sébastien Foudi Part 4: Other Dimensions of Adaptation 17. Fast Growing Countries and Adaptation Jiahua Pan and Zheng Yan 18. Adaptation in Low Income Countries Saleemul Huq and Rodney Lunduka 19. Regional and Local Policies Valentine van Gameren 20. Role of Technology in Adaptation John M. Callaway 21. Disaster Risk Management and Adaptation to Extreme Events Tom Mitchell, Reinhard Mechler and Katie Harris Part 5: Epilogue Anil Markandya, Ibon Galarraga, Elisa Sainz de Murieta
Anil Markandya is Scientific Director of the Basque Centre for Climate Change (BC3), an Ikerbasque Research Professor, and an affiliate of the University of the Basque Country (UPV/EHU).
Ibon Galarraga isDeputy Director and Research Professor at the Basque Centre for Climate Change (BC3) and an affiliate of the University of the Basque Country (UPV/EHU).
Elisa Sainz de Murieta is a junior researcher at the Basque Centre for Climate Change (BC3) and the University of the Basque Country (UPV/EHU).