This paper provides a framework for analysing the role of Government in helping people and businesses adapt to projected changes in climate.
This paper sets out how a number of barriers to adaptation (market failures, behavioural barriers, adaptive capacity, natural capacity) may affect adaptation decisions, and provides a framework for considering the Government’s role and identifies implications for policy design.
It also identifies the priority areas for future research on the economics of adaptation.
The focus of the paper is adaptation in the UK. The international aspects of adaptation are largely outside the scope of this paper, although critical for future work.