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Economics of Agricultural Adaptation to Climate Change: Tools for Informed Decision-Making

Chase A. Sova
Created: 9/29/2011 - Updated: 8/16/2019

Abstract

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.

Published On

Friday, September 30, 2011

Keywords

Sector Addressed: 
Agriculture
Development (socioeconomic)
Policy
Research
Rural / Indigenous Livelihoods
Target Climate Changes and Impacts: 
Air temperature
Economics
Growing season
Precipitation
Storms or extreme weather events
Type of Adaptation Action/Strategy: 
Capacity Building
Conduct vulnerability assessments and studies
Governance and Policy
Create new or enhance existing policies or regulations
Develop / implement adaptive management strategies