G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24645
来源IDWorking Paper 24645
The Critical Role of Markets in Climate Change Adaptation
Sarah E. Anderson; Terry L. Anderson; Alice C. Hill; Matthew E. Kahn; Howard Kunreuther; Gary D. Libecap; Hari Mantripragada; Pierre Mérel; Andrew Plantinga; V. Kerry Smith
发表日期2018-05-28
出版年2018
语种英语
摘要This paper summarizes and synthesizes the role of markets in facilitating climate change adaptation. It explains how market signals encourage adaptation through land markets. It also identifies impediments to critical market signals, provides related policy recommendations, and points to promising new technologies. Urban, coastal, and agricultural land markets provide effective signals of the emerging costs of climate change. These signals encourage adjustments by both private owners and by policy officials in taking preemptive action to reduce costs. In agriculture, they promote consideration of new cropping and tillage practices, seed types, timing, and location of production. They also stimulate use of new irrigation technologies. In urban areas, they motivate new housing construction, elevation, and location away from harm. They channel more efficient use of water and its application to parks and other green areas to make urban settings more desirable with higher temperatures. To be effective, however, land markets must reflect multiple traders and prices must be free to adjust. Where these conditions are not met, land market signals will be inhibited and market-driven adaptation will be reduced. Because public policy is driven by constituent demands, it may not be a remedy. The evidence of the National Flood Insurance Program and federal wildfire response illustrates how politically difficult it may be to adjust programs to be more adaptive.
主题Environmental and Resource Economics ; Agriculture ; Renewable Resources ; Environment ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w24645
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582319
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Sarah E. Anderson,Terry L. Anderson,Alice C. Hill,et al. The Critical Role of Markets in Climate Change Adaptation. 2018.
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