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Climate Change in CaliforniaRisk and Response$
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Fredrich J. Kahrl and David W. Roland-Holst

Print publication date: 2012

Print ISBN-13: 9780520271814

Published to California Scholarship Online: January 2013

DOI: 10.1525/california/9780520271814.001.0001

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Economic Perspectives on Climate Adaptation

Economic Perspectives on Climate Adaptation

Chapter:
(p.13) Chapter One Economic Perspectives on Climate Adaptation
Source:
Climate Change in California
Author(s):

Fredrich Kahrl

David Roland-Holst

Publisher:
University of California Press
DOI:10.1525/california/9780520271814.003.0002

A changing climate creates both economic risks and rewards, but these are very uncertain and are spread unevenly across space, time, and society. Climate-change adaptation thus presents complex issues of political economy. This chapter discusses five dimensions of this political economy: uncertainty, costs, timing, fairness, incentives, and institutions.

Keywords:   climatechange, economics, adaptation, cost, risk allocation, incentives, equity

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