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What do we know about the economics of adaptation? CEPS Policy Brief, No. 150, 1 February 2008

Aaheim, Asbjørn. and Aasen, Marianne. (2008) What do we know about the economics of adaptation? CEPS Policy Brief, No. 150, 1 February 2008. [Policy Paper]

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    The impacts of climate change can be analysed with the same economic assessment tools used for analysing the impacts of changing economic conditions. The fundamental concept is that impacts of climate change will affect the behaviour of economic agents, who will adapt autonomously, but autonomous adaptation is not always the optimal solution. This paper explains that by analysing the behaviour of people as a consequence of climate change, the resulting scenarios can help policy-makers in designing policies where autonomous adaptation does not reflect a social optimum. However, economic analyses of this topic are still scarce. The importance of concentrating on such analyses is that structural change is a continuing process in all European economies, but climate change may contribute to faster and more vigorous changes with corresponding challenges for policy-makers.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 28 Feb 2008
    Page Range: p. 8
    Last Modified: 15 Feb 2011 17:48

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