The Role of Economic Policy in Climate Change Adaptation

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Role of Economic Policy in Climate Change Adaptation Abstract This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of adaptation tasks to either the private or the public sector, as well as those guiding assignment within the public sector itself. We find that the role of the state in adaptation policy is limited. We identify information policy, the provision of a suitable regulatory framework in some markets, the formation of human capital and policies that foster economic growth and technological and medical knowledge as the main areas in which the public sector has a role in climate change adaptation. Terms of use: Documents in

On the Value of Environmental Certification in the Commercial Real Estate Market

“…An ongoing policy agenda seeks to identify cost‐effective climate change mitigation and adaptation strategies (Stern , Konrad and Thun ). Environmental certification programs are a means to reduce information asymmetry, which otherwise may prevent the market from accurately pricing the energy performance of buildings.…”

The Influence of Administrative Traditions and Governance on Private Involvement in Urban Climate Change Adaptation

“…In addition, those measures that are of public interest (e.g., the adaptation of infrastructure or urban development projects) are implemented in public‐private partnerships or by private consortia. Hence, public authorities act as coordinators of adaptation and contract partners of the private sector (Harman et al, ; Konrad & Thum, ; O'Hare et al, ). In a state‐market‐civil society synergism approach, collaborative and voluntary initiatives for adaptation engage a multitude of actors to negotiate and agree on adaptation among public authorities, the private sector, and civil society.…”

“…This can be observed in both the research literature and in policy documents (Biesbroek, Peters, & Tosun, ; also UNFCCC, ). The fifth Intergovernmental Panel on Climate Change assessment states that “[L]ocal government and the private sector are increasingly recognized as critical to progress in adaptation, given their roles in scaling up adaptation of communities, households, and civil society and in managing risk information and financing” (IPCC, , p. 25), as do recent studies (Konrad & Thum, ). This is also spelled out in the national‐level adaptation policies in several countries (Danish Nature Agency, ; MMM, ).…”

“…It is argued that adaptation is not solely a public‐sector task but private actors can contribute substantially. Reasons for the involvement of nonpublic actors can be, for example, the fair consideration of different interest, the inclusion of local or tacit knowledge, or the private‐good character of the benefits of climate change adaptation and efficiency (Glaas, Jonsson, Hjerpe, & Andersson‐Sköld, ; Konrad & Thum, ; Mees, Driessen, & Runhaar, ; Mees, Driessen, Runhaar, & Stamatelos, ; Mendelsohn, ; Naess, ; Osberghaus, Dannenberg, Mennel, & Sturm, ; Wamsler & Brink, ).…”

Climate Policy Must Favour Mitigation Over Adaptation

“…A review and deeper discussion of these models is available inAgrawala et al (2011),Bosello et al (2010),Patt et al (2010) andKonrad and Thum (2013).…”