Adaptation of agricultural and food systems to climate change involves private and public investment decisions in the face of climate and policy uncertainties. The authors present a framework for analysis of adaptation as an investment, based on elements of the economics, finance, and ecological economics literatures. They use this framework to assess critically impact and adaptation studies, and discuss how research could be designed to support public and private investment decisions. They then discuss how climate mitigation policies and other policies may affect adaptive capacity of agricultural and food systems. They conclude with an agenda for public research on climate adaptation.
Antle, JM; Capalbo, SM
Adaptation of Agricultural and Food Systems to Climate Change: An Economic and Policy Perspective
Applied Economic Perspectives And Policy