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Adapting to Climate Change: Costs, Benefits, and Modelling Approaches

Author

Listed:
  • Agrawala, Shardul
  • Bosello, Francesco
  • Carraro, Carlo
  • de Cian, Enrica
  • Lanzi, Elisa
Abstract
This paper provides a summary and a critical survey of the methodologies and results of the literature on the economics of adaptation. We divide the literature into two broad areas of research. First, we examine the studies that analyse adaptation from a bottom-up perspective. Second, we introduce the studies that examine adaptation using a top-down approach. The first group of studies investigates cost and benefits of adaptation at the sectoral, regional and global level. The second group includes theoretical literature on the relationship between mitigation and adaptation as well as emerging insights from some global Integrated Assessment Models (IAMs), which have recently been extended to include adaptation as an alternative and complementary policy option to mitigation.

Suggested Citation

  • Agrawala, Shardul & Bosello, Francesco & Carraro, Carlo & de Cian, Enrica & Lanzi, Elisa, 2011. "Adapting to Climate Change: Costs, Benefits, and Modelling Approaches," International Review of Environmental and Resource Economics, now publishers, vol. 5(3), pages 245-284, August.
  • Handle: RePEc:now:jirere:101.00000043
    DOI: 10.1561/101.00000043
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    More about this item

    Keywords

    Adaptation; Climate change; Climate change policies;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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