The Role of Economic Policy in Climate Change Adaptation

31 Pages Posted: 17 Oct 2012

See all articles by Kai A. Konrad

Kai A. Konrad

Max Planck Institute for Tax Law and Public Finance; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); IZA Institute of Labor Economics

Marcel P. Thum

Dresden University of Technology - Faculty of Economics and Business Management; CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute; Institute for Corruption Studies

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Date Written: October 17, 2012

Abstract

This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of adaptation tasks to either the private or the public sector, as well as those guiding assignment within the public sector itself. We find that the role of the state in adaptation policy is limited. We identify information policy, the provision of a suitable regulatory framework in some markets, the formation of human capital and policies that foster economic growth and technological and medical knowledge as the main areas in which the public sector has a role in climate change adaptation.

Keywords: climate change, adaptation, Schelling conjecture, subsidiarity

Suggested Citation

Konrad, Kai A. and Thum, Marcel, The Role of Economic Policy in Climate Change Adaptation (October 17, 2012). CESifo Working Paper Series No. 3959, Available at SSRN: https://ssrn.com/abstract=2162857

Kai A. Konrad

Max Planck Institute for Tax Law and Public Finance ( email )

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Munich, 80539
Germany

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Centre for Economic Policy Research (CEPR)

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CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

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IZA Institute of Labor Economics

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Marcel Thum (Contact Author)

Dresden University of Technology - Faculty of Economics and Business Management ( email )

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Germany

CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute ( email )

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Germany

Institute for Corruption Studies

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Normal, IL 61790-4200
United States

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