Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union
46 Pages Posted: 27 Jul 2010
There are 2 versions of this paper
Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union
Total Costs and Budgetary Effects of Adaptation to Climate Change: An Assessment for the European Union
Date Written: July 1, 2010
Abstract
Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed and regionalised cost estimates as a basis for cost-benefit-analyses are rare. We compose available cost estimates for adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates, considerations on fiscal aspects and governmental interventions in adaptation processes, we present data-based guesses of public adaptation costs in the EU, divided by impact sectors. The findings show an expectedly large public burden in the adaptation of transport infrastructure and coastal protection, while high adaptation costs in the agriculture sector are predominantly private. The change in energy demand may well lead to a significant decrease in public expenditure. Considering the regional heterogeneity of adaptation measures and the high uncertainty of quantitative adaptation analyses, further research in the form of bottom-up-studies is needed.
Keywords: Adaptation, Climate Change, Adaptation Costs, Fiscal Effects, Governmental Intervention
JEL Classification: H54, Q54, Q58
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Trade Union Membership and Dismissals
By Laszlo Goerke and Markus Pannenberg
-
The Twin Effects of Globalization
By Francesco Daveri, Paolo Manasse, ...
-
By Ben J. Heijdra, Jochen O. Mierau, ...
-
A Micro Data Aproach to the Identification of Credit Crunches
-
A Different Look at Lenin's Legacy: Trust, Risk, Fairness and Cooperativeness in the Two Germanies
By Guido Heineck and Bernd Süssmuth
-
Inefficient Group Organization as Optimal Adaptation to Dominant Environments
By Martin Kolmar and Andreas Wagener
-
Global Warming and Extreme Events: Rethinking the Timing and Intensity of Environmental Policy
By Yu-fu Chen and Michael Funke
-
By Daniel Osberghaus and Christiane Reif