Modelling risk adaptation and mitigation behaviour under different climate change scenarios

Brouwer, Roy and Schaafsma, Marije (2013) Modelling risk adaptation and mitigation behaviour under different climate change scenarios. Climatic Change, 117 (1-2). pp. 11-29. ISSN 0165-0009

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Abstract

The main objective of this study is to simulate household choice behavior under varying climate change scenarios using choice experiments. Economic welfare measures are derived for society’s willingness to pay (WTP) to reduce climate change induced flood risks through private insurance and willingness to accept compensation (WTAC) for controlled flooding under varying future risk exposure levels. Material flood damage and loss of life are covered in the insurance policy experiment, while the WTAC experiment also captures the economic value of immaterial flood damage such as feelings of discomfort, fear and social disruption. The results show that WTP and WTAC are substantial, suggesting a more prominent role of external social damage costs in cost-benefit analysis of climate change and flood mitigation policies.

Item Type: Article
Additional Information: This article is distributed under the terms of the Creative Commons Attribution License which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited.
Uncontrolled Keywords: sdg 13 - climate action ,/dk/atira/pure/sustainabledevelopmentgoals/climate_action
Faculty \ School: Faculty of Science > School of Environmental Sciences
Depositing User: Users 2731 not found.
Date Deposited: 26 Sep 2012 12:07
Last Modified: 31 Oct 2022 15:30
URI: https://ueaeprints.uea.ac.uk/id/eprint/39683
DOI: 10.1007/s10584-012-0534-1

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