Challenges Ahead
Challenges Ahead
Risk Management and Cost-Benefit Analysis in a Changing Climate
This paper reviews the changes in natural hazards that can be expected because of climate change, and discusses their socio-economic impacts. It stresses the fact that these impacts will first and foremost depend on risk management policies and adaptation strategies that will be implemented, and proposes insights into needed changes in policies. In particular, it investigates how decision-making approaches should be amended to account for the large uncertainty on future climate conditions, and the ability of cost-benefit analyses to take into account climate change and the related uncertainty.
Keywords: Climate change, natural hazards, natural disasters, socioeconomic impact, risk management, cost-benefit analysis
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