People versus planners: Social Preferences for Adaptation to Climate Change

Leo Dobes (leo.dobes@anu.edu.au)

No 94890, Research Reports from Australian National University, Environmental Economics Research Hub

Abstract: Adaptation of natural and human systems to climate change is receiving increased attention. The academic literature covers a wide spectrum of perspectives. Policy considerations, on the other hand, are largely driven by techno-scientific considerations. In particular, these include a risk-management approach. Climate change, however, is inherently uncertain – because the risks cannot be quantified, conventional risk-management approaches are inappropriate. The ‘real options’ economic theory is used for least-cost adaptation strategies. Identifying individuals’ preferences and priorities is a necessary pre-condition for estimating the benefits of adaptation strategies. Yet little has been done in this area. As a first step towards estimating individuals’ willingness to pay for adaptation measures, this research paper proposes to identify and compare priorities and preferences of planners, communities and individuals.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 31
Date: 2009-12-14
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Working Paper: People versus planners: Social Preferences for Adaptation to Climate Change (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eerhrr:94890

DOI: 10.22004/ag.econ.94890

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