From Coping with Natural Disasters in the Past to a Model of Future Optimal Adaptation

Raphael Bucher () and Jasmin Guelden Sterzl

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to gain insights from studying adaptation to natural disasters in the past in order to analyze optimal adaptation in Switzerland in the future. Most adaptation measures already undertaken in Switzerland are so-called reactive measures. They may be eective, but not necessarily ecient. We propose that future climate change asks for proactive measures to combat market damages in an ecient way. We come up with modeling adaptation as a cumulative stock in a computable general equilibrium (CGE) model called ADAPT-CH. We nd that with an investment of up to 0.9% of the GDP, a little more than 58% of the exogenously given climate damages in Switzerland can be prevented until 2060.

Keywords: Adaptation; Climate Change; Dynamic CGE Model; Switzerland; Natural Disasters (search for similar items in EconPapers)
JEL-codes: C68 D58 D91 E21 (search for similar items in EconPapers)
Date: 2011-03-31
New Economics Papers: this item is included in nep-cmp and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34237

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