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Climate change impacts on pricing long-term flood insurance: A comprehensive study for the Netherlands

Recently long-term flood insurance contracts with a duration of 5, 10 or 15 years have been proposed as a solution for covering flood risk and mitigating increasing flood losses. Establishing a long-term relation between the policyholder and the insurer can provide better incentives to reduce risk through undertaking damage mitigation measures.

Bridging the Gap between Climate Change and Development

The overall objective of this study is to explore synergies and trade-offs in mainstreaming responses to climate change within development planning and assistance, with natural resource management as an overarching theme.

Economics of climate change under uncertainty: Benefits of flexibility.

The selection of climate policy has to be made in an extremely uncertain environment: both benefits and costs of a particular climate policy are unknown and in the best case could be described by the probability distribution of various outcomes.

Tolerable risk for dams: How safe is safe enough.

Risk assessment provides an opportunity to manage dam safety using a framework of risk evaluation that is used for other types of hazardous facilities and technologies. This paper contains a presentation of risk evaluation from a broad perspective but with application to dam safety.

Embedding climate change adaptation in biodiversity conservation: A case study of England

While mitigation has been the dominant policy response to climate change in the global community, practitioners and scholars have argued that significant climate change will occur even in the event of dramatic emissions reductions in the near term, thus adaptation is vital to address these impacts and to maintain or restore ecosystem resilience to multiple stresses.

Agricultural value of ENSO information under alternative phase definition

The El Niño-Southern Oscillation (ENSO) effect has been found to be associated with regional climate variations in many regions of the world, and, in turn, with variation in crop yields.

Global Environmental Risks

Can the existing and very extensive private sector organizations provide those at risk from climate change with adequate insurance cover? If not, why not? What changes in market institutions might be appropriate in this case? This paper is about these and related questions. In attempting to answer them, we deal with many different aspects of the theory of risk-bearing.

Assessment of climate change adaptation costs for the U.S. road network

The U.S. road network is one of the nation’s most important capital assets and is vital to the functioning of the U.S. economy. Maintaining this asset involves approximately $134 billion of government funds annually from Federal, State, and local agencies.

Economic approaches for assessing climate change adaptation options under uncertainty

This study was commissioned as part of IMACC to look at approaches for the economic assessment of climate change adaptation options. Special emphasis is being placed on the issue of including uncertainty in the economic assessment and respective approaches. The study’s terms of reference (ToRs), define three main tasks: 1.

Safety of dams: flood and earthquake criteria

The Committee on Safety Criteria for Dams was requested to report on the selection of appropriate flood and earthquake occurrences to be considered in design of dams and safety evaluation of dams. This report represents a general consensus of the views and conclusions of the committee.

High impact, low probability? An empirical analysis of risk in the economics of climate change

To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the contention increasingly made that climate damage could be so large that societal willingness to pay to avoid extreme outcomes should overwhelm other seemingly important assumptions, notably on time preference.

Constraints and potentials of future irrigation water availability on agricultural production under climate change

We compare ensembles of water supply and demand projections from 10 global hydrological models and six global gridded crop models.

Valuing Climate Change Uncertainty Reductions for Robust Energy Portfolios.

Climate policy uncertainty has decisive influence on energy sector strategies. Potential stranded climate-energy investments may be enormous. Remote sensing can improve our understanding of the climate system and thus better inform climate policy and reduce associated uncertainties. We develop an integrated energy-portfolio model to value these uncertainties.

Review of risk based prioritization/decision making methodologies for dams

This position paper provides a review of literature applicable to risk based prioritization and decision making relative to the operations and maintenance of dams and associated navigational locks. Particular attention is paid to methodologies developed or used by USACE.

Impacts of climate change in agriculture in Europe

The main objective of the PESETA (Projection of Economic impacts of climate change in Sectors of the European Union based on boTtom-up Analysis) project is to contribute to a better understanding of the possible physical and economic effects induced by climate change in Europe over the 21st century.

A New Approach to Risk Evaluation and Management: Risk-Based, Precaution-Based, and Discourse-Based Strategies

Our main thesis in this article will be to offer a new classification of risk types and management strategies that promises scientific accuracy, a reflection of social diversity, and political feasibility.

The role of social learning in adaptiveness: insights from water management.

The article introduces the notion of adaptiveness and discusses the role of social learning in it. Adaptiveness refers to the capacity of a social actor or social– ecological system to adapt in response to, or in anticipation of, changes in the environment.

Routledge Handbook of the Economics of Climate Change Adaptation

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.

MEDIATION and the Adaptation Challenge: Identifying appropriate methods and tools to support climate change adaptation decision making.

The MEDIATION project guides researchers, policy advisors and experts to suitable climate change adaptation methods and tools for a wide range of questions and from various disciplines and perspectives. The project involves 11 partners and 11 case studies. Summaries of five of these case studies can be found in the present publication.

Costing Methodologies

The costs of climate change policies are estimated and their implications discussed in many parts of the IPCC’s Assessment Report. The use of consistent cost concepts across the TAR is important, in order to facilitate comparability across different cost assessment approaches.

Annotated guidelines for the preparation of national adaptation programmes of action

Describes annotated guidelines for the preparation of national adaptation programmes of action

Discounting the distant future: how much do uncertain rates increase valuations?

We demonstrate that when the future path of the discount rate is uncertain and highly correlated, the distant future should be discounted at significantly lower rates than suggested by the current rate. We then use two centuries of US interest rate data to quantify this effect.

Multisectoral climate impact hotspots in a warming world

The impacts of global climate change on different aspects of humanity’s diverse life-support systems are complex and often difficult to predict. To facilitate policy decisions on mitigation and adaptation strategies, it is necessary to understand, quantify, and synthesize these climate-change impacts, taking into account their uncertainties.

A Framework of Adaptive Risk Governance for Urban Planning. Sustainability

The notion ―risk governance‖ refers to an integrated concept on how to deal with public risks in general, and so-called complex, ambiguous and uncertain risks in particular. These ideas have been informed by interdisciplinary research drawing from sociological and psychological research on risk, Science and Technology Studies (STS) and research by policy scientists and legal scholars.

Development of rescue actions based on dam-break flood analysis

The project work was divided into three sub-projects: 1) Risk Assessment (Analysis), 2) Dam Break Hazard Analysis and 3) Emergency/Rescue Action Planning. In addition to these subprojects the International Seminar and Workshop was arranged on October 2-5, 2000 in Seinäjoki and a study visit to the Emergency Services College in Kuopio on October 1, 2000.

Compendium on methods and tools to evaluate impacts of, and vulnerability and adaptation to, climate change

In 1999, the UNFCCC Secretariat took a first step towards disseminating information on methods and tools when it produced a report entitled Compendium of Decision Tools to Evaluate Strategies for Adaptation to Climate Change. Since then, the adaptation assessment process has changed considerably and in some ways grown more sophisticated.

From climate research to climate compatible development: experiences and progress in the Netherlands.

Over the past decades, significant experience has been gained in demand-driven research on climate change in many countries. In the Netherlands, a competitive call for proposals for large research programmes at the interface between policy, science and private sector was issued in 2001.

The Curious Role of Learning in Climate Policy: Should We Wait for More Data?

Given the large uncertainties regarding potential damages from climate change and the significant but also uncertain costs of reducing greenhouse gas emissions, the debate over a policy responce is often framed as a choice of acting now or waiting until the uncertainty is reduced.

On Modeling and Interpreting the Economics of Catastrophic Climate Change

With climate change as prototype example, this paper analyzes the implications of structural uncertainty for the economics of lowprobability, high-impact catastrophes. Even when updated by Bayesian learning, uncertain structural parameters induce a critical “tail fattening” of posterior-predictive distributions.

Economics of Climate Change in East Asia

This study addresses the economics of climate change in selected countries in the East Asian region, focusing on the People’s Republic of China, Japan, the Republic of Korea, and Mongolia.

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