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The Design and Implementation of US Climate Policy$
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Don Fullerton and Catherine Wolfram

Print publication date: 2012

Print ISBN-13: 9780226269146

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226921983.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 22 June 2021

How Can Policy Encourage Economically Sensible Climate Adaptation?

How Can Policy Encourage Economically Sensible Climate Adaptation?

Chapter:
(p.229) 14 How Can Policy Encourage Economically Sensible Climate Adaptation?
Source:
The Design and Implementation of US Climate Policy
Author(s):

V. Kerry Smith

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226921983.003.0015

This chapter discusses the design of incentive-based policies for climate adaptation. It begins by discussing climate adaptation policies, including models used to describe optimal pricing and capacity decisions with stochastic demand, and then describes the current pricing policies for the private goods that substitute for climate services. Electricity and water are both examples of substitute goods that are used to respond to regional changes in temperature and precipitation.

Keywords:   incentive-based policies, climate adaptation, optimal pricing, pricing policies, private goods, climate services, electricity, water, substitute goods

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