Climate change costs more than we think because people adapt less than we assume

David Gawith, Ian Hodge, Fraser Morgan and Adam Daigneault

Ecological Economics, 2020, vol. 173, issue C

Abstract: Human behaviour is commonly optimised in economic models of adaptation to climate change. These models assume that people work to maximise profit, subject to financial and technological limitations. In effect, these models simulate adaptive potential. In reality, adaptation falls short of this potential. This shortfall is conceptualised as the adaptation deficit, and it has been causing increasing concern.

Keywords: Adaptation constraints; Adaptation deficit; Adaptation costs; Loss and damage; Climate change; IAMs (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:173:y:2020:i:c:s092180091930789x

DOI: 10.1016/j.ecolecon.2020.106636

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