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Economic Aspects of Adaptation. When considering adaptation, economic studies give insight into issues regarding the roles of various actors in society, the character of adaptation strategies, the types of benefits and costs involved, the role of time, and a number of other factors that we discuss in this section.
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Apr 6, 2024 · A basic definition of adaptation is given and related (and unrelated but, in this context, relevant) concepts are also mentioned. The basic criteria underlying the economics of adaptation to climate change are presented, as well as the main economic methods used to evaluate adaptation measures.
- Miguel Patrício
- miguelpatricio@fd.ulisboa.pt
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Adaptation is smart. Every $1 invested in adapta - tion could yield up to $10 in net economic benefits, depending on the activity, according to a report from the Global Commission on Adaptation. The benefits of adaptation measures are obvious and save money in the long run, but they require up-front costs that are a struggle
The Economics of Adaptation: Concepts, Methods and Examples. Adaptation is increasingly at the forefront of climate change discussions and action. We see this reflected in the Paris Agreement adopted at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change.
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Climate Change Adaptation DEFINITION An activity should be classified as adaptation-related (score Principal or Significant) if: It intends to reduce the vulnerability of human or natural systems to the current and expected impacts of climate change, including climate variability,
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Nov 24, 2023 · Detailed knowledge on socio-economic factors constraining adaptation action is a key building block to understand how national adaptation could be accelerated 4.
May 26, 2021 · Summary. To view climate change adaptation from an economic perspective requires a definition of adaptation, an economic framework in which to view adaptation, and a review of the literature on specific adaptations (especially in agriculture).
