Economics of Agricultural Adaptation to Climate Change: Tools for Informed Decision-Making
Climate change affects agriculture worldwide, endangering rural livelihoods and threatening food security. International funds are increasingly available for initiatives aimed at adapting agriculture to climate change, and numerous international studies have been conducted on the economic costs and/or benefits of such efforts. However, these studies have adopted a primarily global and multisectoral approach that involves complex econometric modeling. Pragmatic, high-resolution approaches to analyzing the costs of agricultural adaptation are therefore needed to obtain information that is sufficiently detailed for effective decisionmaking. This Brief describes different types of modeling available for conducting cost analyses.