Empirical Estimates of Adaptation Costs and Benefits: A Critical Assessment

Agrawala, Shardul; Crick, Florence; Jetté‐Nantel, Simon; Tepes, Alina

doi:10.1787/9789264046214-4-en

Cited by 12 publications

(16 citation statements)

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“…A series of studies provided lists of risks due to climate change, and opportunities for adaptation [27,49,[55][56][57][59][60][61][62][63][64]. Among the literature reviewed in this study, the report of Iglesias et al, published in 2012 [49], provided clear information on the agriculture risks from climate change and the accompanying adaptation strategies.…”

Section: Field Observations and Document Analysis As The Basis For Qu...mentioning

confidence: 99%

“…Agrawala et al [59] and Shardul et al [60] indicated that farmers adopt low-cost and commonly used adaptation measures, and new technologies to adapt to such risks. Iglesias et al [49] revealed that because of budgetary, knowledge, and technological limitations, farmers are more likely to use low-cost strategies to adapt to climate change, such as changing planting periods and planting new varieties.…”

Section: Key Factors Elicited From Field Observations and Document An...mentioning

confidence: 99%

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Agriculture Risks and Opportunities in a Climate-Vulnerable Watershed in Northeastern Taiwan—The Opinions of Leisure Agriculture Operators

Chen,

Jan,

Chung

et al. 2023

Sustainability

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This study investigated the agriculture risks and opportunities in a fragile watershed, the Lanyang River Watershed (LRW) in Northeastern Taiwan, under the current situation of climate change. Agriculture in the LRW is a traditional sector, highly vulnerable to climate change, and is a declining economic sector due to the trend of trade liberalization of agriculture. At present, the government of Taiwan encourages local farmers to transform towards recreational farm types. Leisure agriculture operators have successfully transitioned their tilling to a business model of recreational farming. A telephone survey of leisure agriculture operators was applied with a three-stage approach to obtain their opinions. The results showed that climate change may entail risks for agriculture in watersheds. Transformation to leisure agriculture can enhance farm adaptation and increase farm income. The long-term implementation of slope- and geology-based land classification and land use planning can protect the watershed, especially from extreme weather, while enhancing water and soil conservation efforts, and bolstering climate resilience. Innovative agricultural practices offer viable solutions, including greenhouse farming for high-economic-value crops, leisure agriculture, organic farming, and ecotourism. These strategies can rejuvenate the LRW’s agriculture industry, foster ecological tourism, and provide opportunities for traditional farmers to thrive in this highly climate-fragile area. The implications of this case study are that appropriate responses can improve local climate resilience, and that correspondingly well-designed adaptation measures can transform threats and risks into new opportunities.

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Section: Field Observations and Document Analysis As The Basis For Qu...mentioning

confidence: 99%

Section: Key Factors Elicited From Field Observations and Document An...mentioning

confidence: 99%

Agriculture Risks and Opportunities in a Climate-Vulnerable Watershed in Northeastern Taiwan—The Opinions of Leisure Agriculture Operators

Chen,

Jan,

Chung

et al. 2023

Sustainability

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“…As far as adaptation is concerned, recent estimates from the UNDP suggests USD 86-109bn/year by 2015 for adaptation activities in developing countries, while the UNFCCC envisages a cost of adaptation of USD 28-67bn/year by 2030 6 . This amount is expected to rise to USD 44-166bn/year, if global adaptation activities (not restricted to developing countries only) are considered [9]. However, reality presents far a different scene.…”

Section: Current Status Of the Climate Financing Regimementioning

confidence: 99%

“…From the polluter pays principle, to the equity concept, to the adequacy of funds, the tendency in many submissions focuses on certain commonly acknowledged priorities. 9 All these elements generate remarkable insights of the future directions in the UNFCCC negotiations for a new financial architecture. The political attention towards climate change matters has consistently increased, and global and local interests interplay in international negotiations.…”

Section: Proposals For a New Climate Change Financial Mechanismmentioning

confidence: 99%

“…However, market-based mechanisms alone are not seen as the ultimate solution 9 The "polluter pays" principle implies that all nations assume a fair share of their responsibilities for the climate change problem. On this basis, industrialised nations bear the highest share of contribution to the fund, with a percentage of 76 percent of total inflows.…”

Section: Complementarity With Carbonmentioning

confidence: 99%

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Elaborating a coherent and adequate financial structure for a post Kyoto framework

Bassi¹,

Magnoni²

2009

IOP Conf. Ser.: Earth Environ. Sci.

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Abstract. The present paper reviews the international climate change financial framework and aims at providing insights on its future post-2012 development. This study offers an overview of the good attributes and distortions of the current regime, while investigating the work currently done by many countries and international organisation, in proposing unique and original financial schemes for a post-Kyoto agreement. The objective is to define potential strengths and shortcomings of the current (or projected) financial regime, and put this in relation with the creation of an improved new financing scheme, that could transfer sufficient resources from North to South in an efficient, transparent and participatory way. Indeed, international climate change negotiations are now working in this direction, and the regular submissions from Parties and civil society to the UNFCCC's AWG-LCA witness the desire of governments and organisations to achieve an innovative climate change agreement that could overcome existing weaknesses in the global financial structure, while providing nations with suitable tools to handle the adverse consequences of climatic modifications. The paper will additionally focus on the role of CDM and credit-based mechanisms in a new future financial framework, in consideration of needed improvements in the current international credit system and country visions and AWG-LCA submissions.

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Optimal growth with adaptation to climate change

Dumas

Ha-Duong

2012

Climatic Change

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We find that approximately a quarter of the world's productive capital could be sensitive to climate; therefore, this capital faces the risk of accelerated obsolescence in a world warming by an average of 0.2°C per decade. We examine the question of optimal adaptation to climate change in a vintage capital growth model without uncertainty. Along the optimal pathway, adaptation is proactive with an anticipation period of approximately twenty years. While there is additional investment in this scenario compared with a no-climate-change baseline, the overall cost to adapt is low relative to the potential losses from maladaptation. Over-investment in protection capital allows the economy to be consistently well-adapted to climate; thus, such a policy prevents transient maladaptation costs. Sensitivity analysis with an integrated assessment model suggests that costs could be ten times larger if adaptation only begins after vulnerable sectors are impacted.

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Empirical Estimates of Adaptation Costs and Benefits: A Critical Assessment

Cited by 12 publications

References 0 publications

Agriculture Risks and Opportunities in a Climate-Vulnerable Watershed in Northeastern Taiwan—The Opinions of Leisure Agriculture Operators

Agriculture Risks and Opportunities in a Climate-Vulnerable Watershed in Northeastern Taiwan—The Opinions of Leisure Agriculture Operators

Elaborating a coherent and adequate financial structure for a post Kyoto framework

Optimal growth with adaptation to climate change

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