Routledge Handbook of the Economics of Climate Change Adaptation Routledge Environment and Sustainability Handbooks Series

Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving.

This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events.

This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.

Part 1: Economics and Adaptation 1. Introduction to the economics of adaptation to climate change 2. State of the Art on Economics of Adaptation 3. International Cooperation on Adaptation to Climate Change Part 2: Uncertainty, Equity, Valuation and Efficiency 4. Synergies between Adaptation and Mitigation and the Complexity of REDD+ 5. Incorporating climate change into adaptation programmes and project appraisal. Strategies for Uncertainty 6. Distributional Impacts: Intra-national, international and inter-temporal aspects of equity in Adaptation 7. Discounting 8. The Role of Economic Modelling for Climate Change Mitigation and Adaptation Strategies 9. Ecosystem-Based Adaptation Part 3: Adaptation in Activity Sectors 10. Climate Change and the Energy Sector: Impacts and Adaptation 11. Water for Agriculture: Some Thoughs on Adaptation to Climate Change from a Policy Perspective 12. Adaptation in Agriculture 13. Adaptation in Coastal Areas 14. Climate Change Adaptation and Human Health 15. Multi-sectoral Perspective in Modelling of Climate Impacts and Adaptation 16. Flood Risk Management: Assessment for Prevention with Hydro-economic Approaches Part 4: Other Dimensions of Adaptation 17. Fast Growing Countries and Adaptation 18. Economics of Adaptation in Low-income Countries 19. Regional and Local Climate Change Adaptation Policies in Developed Countries 20. the Role of Technology in Adaptation 21. Disaster Risk Management and Adaptation to Extreme Events: Placing Disaster Risk Management at the heart of National Economic and Fiscal Policy

Anil Markandya is Scientific Director of the Basque Centre for Climate Change (BC3), an Ikerbasque Research Professor, and an affiliate of the University of the Basque Country (UPV/EHU).

Ibon Galarraga isDeputy Director and Research Professor at the Basque Centre for Climate Change (BC3) and an affiliate of the University of the Basque Country (UPV/EHU).

Elisa Sainz de Murieta is a junior researcher at the Basque Centre for Climate Change (BC3) and the University of the Basque Country (UPV/EHU).