US AGRICULTURE
; CROP CHOICE
; IMPACTS
; IRRIGATION
; RESOURCES
; INSURANCE
; STRATEGY
; WEST
WOS学科分类:
Economics
; Environmental Studies
WOS研究方向:
Business & Economics
; Environmental Sciences & Ecology
英文摘要:
Markets, especially land markets, can facilitate climate change adaptation through price signals. A review of research reveals that urban, coastal, and agricultural land markets provide effective signals of the emerging costs of climate change. These signals encourage adjustments by both private owners and policy officials in taking preemptive action to reduce costs. In agriculture, they promote consideration of new cropping and tillage practices, seed types, timing, and location of production. They also stimulate use of new irrigation technologies. In urban areas, they motivate new housing construction, elevation, and location away from harm. They channel more efficient use of water and its application to parks and other green areas to make urban settings more desirable with higher temperatures. Related water markets play a similar role in adjusting water use and reallocation. To be effective, however, markets must reflect multiple traders and prices must be free to adjust. Where these conditions are not met, market signals will be inhibited and market-driven adaptation will be reduced. Because public policy is driven by constituent demands, it may not be a remedy. The evidence of the National Flood Insurance Program and federal wildfire response illustrates how politically difficult it may be to adjust programs to be more adaptive.
1.Univ Calif Santa Barbara, Bren Sch Environm Sci & Management, 2400 Bren Hall, Santa Barbara, CA 93106 USA 2.Stanford Univ, Hoover Inst, Stanford, CA 94305 USA 3.Hoover Inst, 1399 New York Ave NW, Washington, DC 20005 USA 4.Univ Southern Calif, Econ Dept, Spatial Sci & Environm Studies, NBER,IZA, Los Angeles, CA 90089 USA 5.Univ Penn, Decis Sci & Publ Policy, Wharton Sch, OID,Risk Management & Decis Proc Ctr, 3730 Walnut St,563 Huntsman Hall, Philadelphia, PA 19104 USA 6.Univ Calif Santa Barbara, Bren Sch Environm Sci & Management, Econ Dept, NBER, Santa Barbara, CA 93106 USA 7.Univ Pittsburgh, Dept Chem & Petr Engn, 940 Benedum Hall,3700 OHara St, Pittsburgh, PA 15261 USA 8.Univ Calif Davis, Davis Agr & Resource Econ, 1 Shields Ave, Davis, CA 95616 USA 9.Univ Calif Santa Barbara, Bren Sch Environm Sci & Management, 3424 Bren Hall, Santa Barbara, CA 93106 USA 10.Arizona State Univ, NBER, Cave Creek, AZ 85327 USA 11.RFF, POB 7437, Cave Creek, AZ 85327 USA
Recommended Citation:
Anderson, Sarah E.,Anderson, Terry L.,Hill, Alice C.,et al. THE CRITICAL ROLE OF MARKETS IN CLIMATE CHANGE ADAPTATION[J]. CLIMATE CHANGE ECONOMICS,2019-01-01,10(1)