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Part V - Policy Responses for Adaptation

Published online by Cambridge University Press:  05 March 2014

Nicholas Stern
Affiliation:
Cabinet Office - HM Treasury
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Summary

Part V of the Review analyses adaptation as a response to climate change.

Climate is a pervasive factor in social and economic development – one so universally present and so deeply ingrained that it is barely noticed until things go wrong. People are adapted to the distinct climate of the place where they live. This is most obvious in productive sectors such as agriculture, where the choice of crops and the mode of cultivation have been finely tailored over decades, even centuries, to the prevailing climate. But the same is true for other economic sectors that are obviously weather-dependent, such as forestry, water resources, and recreation. It is also evident in how people live their daily lives, for instance in working practices.

Adaptation will be crucial in reducing vulnerability to climate change and is the only way to cope with the impacts that are inevitable over the next few decades. In regions that may benefit from small amounts of warming, adaptation will help to reap the rewards. It provides an impetus to adjust economic activity in vulnerable sectors and to support sustainable development, especially in developing countries. But it is not an easy option, and it can only reduce, not remove, the impacts. There will be some residual cost – either the impacts themselves or the cost of adapting. Without early and strong mitigation, the costs of adaptation rise sharply.

Type
Chapter
Information
The Economics of Climate Change
The Stern Review
, pp. 455 - 456
Publisher: Cambridge University Press
Print publication year: 2007

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