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.

Author names: 
Markandya, A.
Galarraga, I.
Sainz de Murieta, E.
Year: 
2013
Publisher: 
Routledge
Reference: 

Markandya, A., Galarraga, I., & Sainz de Murieta, E. (Eds.). (2013). Routledge handbook of the economics of climate change adaptation. New York: Routledge.

Geographical area: 
Policy areas considered: