Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 67-78 |
| Journal | Ecological Economics |
| Volume | 30 |
| DOIs | |
| Publication status | Published - 1999 |
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Weathering Climate Change: Some Simple Rules to Guide Adaptation Decisions. / Fankhauser, S.; Smith, J.B.; Tol, R.S.J.
In: Ecological Economics, Vol. 30, 1999, p. 67-78.Research output: Contribution to Journal › Article › Academic › peer-review
TY - JOUR
T1 - Weathering Climate Change: Some Simple Rules to Guide Adaptation Decisions
AU - Fankhauser, S.
AU - Smith, J.B.
AU - Tol, R.S.J.
PY - 1999
Y1 - 1999
N2 - 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.
AB - 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.
U2 - 10.1016/S0921-8009(98)00117-7
DO - 10.1016/S0921-8009(98)00117-7
M3 - Article
VL - 30
SP - 67
EP - 78
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
ER -