economics of adaptation

Synonyms

economics of adaptation to climate change / CCA

Definition

No reegle definition available.

Adaptation is the adjustment in natural or human systems to a new or changing environment. Adaptation to climate change refers to adjustment in natural or human systems in response to actual or expected climatic stimuli or their effects, which moderates harm or exploits beneficial opportunities. Various types of adaptation can be distinguished, including anticipatory and reactive adaptation, private and public adaptation, and autonomous and planned adaptation. The economics of adaptation includes the sectoral, human, financial, costs and risks analysis tools used by economists to estimate the economic costs and impacts of climate change and the adaptation to climate change (IPCC, 2014)