Economic Aspects of Israeli Adaptation Policy to Climate Change
42 Pages Posted: 6 Oct 2014
Date Written: October 2, 2014
Adaptation policy is becoming a key issue of the post-Kyoto 2012 international climate policy agreement. The difficulties in implementing national and international mitigation policies and the increasing awareness of climate change phenomena eventually gave impetus to science and policy research on adaptation. Therefore, the Ministry of Environmental Protection established the Israeli Climate Change Information Center (ICCIC). The mission of the information center is to assemble the scientific research regarding adaptation to climate change, identify research gaps and define the risks and consequences of climate change in various sectors. Furthermore, the ICCIC will integrate Israel's knowledge and technologies for implementation within Israel and other countries.
This research is part of developing a national scientific knowledge base that will support the evolvement of the national adaptation plan, focusing on economic aspects. The research includes gathering and integration of available research and policy documents concerning adaptation to climate changes, in order to identify knowledge gaps from economic aspects, to recognize all the risks and implications of climate change and to propose a national policy of adaptation.
The research is based on survey of various measures to cope with climate change in order to determine the economic resources that should be invested, even if the effects of climate change turn out to be less severe. These options are defined as "No Regret alternatives". The specific areas that were investigated are as follows. First, the climate changes that are predicted for the next 50 years are presented. Second, specific policies for water resources, public health, bio-diversity and green building are discussed. Finally, the mutual connections amongst the above-mentioned areas are analyzed in a multi-disciplinary concept using economic perspectives.
Keywords: Adaptation, Climate Change, Cost-Benefit Analysis, Economic Evaluation, Risk Management
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