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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Anita Wreford; Ruth Dittrich; Thomas van der Pol;

    AbstractClimate change adaptation investment decisions can be made more efficiently if uncertainty and new information are considered in their economic appraisal. Real options analysis (ROA) is a robust decision‐making tool that allows for the incorporation of both uncertainty and new information. In this opinion article, we argue that ROA is a valuable tool, providing the analysis is designed to reflect the real‐world characteristics of the decision context. We highlight the differences between traditional risk‐based ROA, and scenario‐based ROA, and discuss the relative merits of the approaches from the perspective of their assumptions and use of climate information. We also emphasize the need for increased co‐development of ROA design and applications with end‐users. Given the large climate uncertainties for long‐term adaptation planning, we suggest that an emerging strand of scenario‐based ROA methods offers ways to help identify and conditionally value flexibility without aggregating values into precise expected values across states of the world.This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios

    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Article . 2020 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Article . 2020 . Peer-reviewed
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Vicente‐Serrano, Sergio M.; McVicar, Tim R.; Miralles, Diego G.; Yang, Yuting; +1 Authors

    This review examines the role of the atmospheric evaporative demand (AED) in drought. AED is a complex concept and here we discuss possible AED definitions, the subsequent metrics to measure and estimate AED, and the different physical drivers that control it. The complex influence of AED on meteorological, environmental/agricultural and hydrological droughts is discussed, stressing the important spatial differences related to the climatological conditions. Likewise, AED influence on drought has implications regarding how different drought metrics consider AED in their attempts to quantify drought severity. Throughout the article, we assess literature findings with respect to: (a) recent drought trends and future projections; (b) the several uncertainties related to data availability; (c) the sensitivity of current drought metrics to AED; and (d) possible roles that both the radiative and physiological effects of increasing atmospheric CO2 concentrations may play as we progress into the future. All these issues preclude identifying a simple effect of the AED on drought severity. Rather it calls for different evaluations of drought impacts and trends under future climate scenarios, considering the complex feedbacks governing the climate system. Spanish Commission of Science and Technology and FEDER. Grant Numbers: PCIN‐2015‐220, CGL2017‐82216‐R, PCI2019‐103631 H2020 European Research Council. Grant Number: 715254 (DRY‐2‐DRY) WaterWorks 2014. Grant Number: IMDROFLOOD Department of Science and Technology of Qinghai Province. Grant Number: 2019‐SF‐A4 National Science Foundation of China. Grant Number: 41890821 European Union. Grant Number: 690462 (INDECIS) JPI‐Climate (AXIS). Grant Number: CROSSDRO 31 Pags.- 8 Figs. Peer reviewed

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Recolector de Cienci...arrow_drop_down
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    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2019 . 2020 . Peer-reviewed
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Recolector de Cienci...arrow_drop_down
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Other literature type . Article . 2019 . 2020 . Peer-reviewed
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Rob Bellamy;

    AbstractDespite growing recognition that Europe must adapt to climate variability and change, there is still limited evidence of adaptation implementation. At the same time, despite knowing that successful adaptation will be contingent on societal factors just as much as on technical ones, there has been very little research into social perceptions of adaptation technologies. To address this gap, I undertake an interdisciplinary synthesis of stable beliefs and values about technology—those that are less susceptible to change across different situations—from five major but hitherto disconnected theoretical perspectives on perceptions of technology: the psychometric paradigm, the technology control dilemma, cultural theory, technology acceptance models, and responsible innovation. Four common dimensions of perception were identified: knowledge of technology, scope of technological projects, impacts of technology, and trust in the control of technology. These dimensions can be used to develop a concept of and framework for social readiness, whereby aspects of adaptation technologies that are likely to be perceived negatively or positively, and by whom, can be identified. This is by no means a panacea to the challenges of adaptation implementation, but one that contributes to and would join in constructive exchange with wider efforts to evaluate adaptation technologies. I end this review by discussing the need for bridging the gap between opposing epistemic cultures that favor different styles of knowledge production around adaptation technology perception.This article is categorized under:Vulnerability and Adaptation to Climate Change > Institutions for Adaptation

    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2019 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Other literature type . Article . 2019 . Peer-reviewed
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Bisaro, Alexander; Hinkel, Jochen;

    Coastal adaptation can reduce climate change impacts and investing now, though costly, will bring greater benefits over the longer term, particularly in urban areas. Yet public actors currently cover a small fraction of needed coastal adaptation investments, a finance gap set to widen as coastal adaptation costs continue to increase. Mobilizing private finance for coastal adaptation is thus a salient challenge, as emphasized in the Paris Agreement. Key under‐researched dimensions of this challenge are what promotes private investment in coastal adaptation and how can public actors’ interest in adaptation be aligned with private investor interests. To address this, we review the literatures on coastal adaptation finance and on financial arrangements involving both public actors and private investors. We describe key actors and interests, and identify coastal financial arrangements that align public actor and private investor interests, finding that private provisioning, public–private Partnerships (PPP), and public debt arrangements are promising. We then survey empirical examples, finding that private provisioning attracts investment when returns are high, for example, in urban real estate, and that PPPs attract dredging and construction companies’ investment, particularly for adaptation measures with a large share of operational costs, for example, beach nourishment. We find little evidence of institutional investment through public debt instruments. A number of policy instruments, for example, concessional loans, tax incentives, and standards, may address this gap and enhance private coastal adaptation investment. Our results are also relevant for other sectors that involve long‐term infrastructure adaptation measures.This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios Vulnerability and Adaptation to Climate Change > Learning from Cases and Analogies

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODO; Wiley Interd...arrow_drop_down
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODO; Wiley Interd...arrow_drop_down
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Kind, Jarl; Botzen, W.J.W.; Aerts, Jeroen; UU LEG Research UUSE Multidisciplinary Economics; +2 Authors

    Most cost‐benefit analysis (CBA) textbooks and guidelines recognize the objective of CBAs to improve social welfare—a function of well‐being of all individuals, conceptualized by utility. However, today's common practice to value flood risk management benefits as the reduction of the expected annual damages does not comply with this concept of social welfare, since it erroneously focuses on money instead of well‐being (utility). Diminishing marginal utility of money implies that risk aversion and income differences should be taken into account while calculating the social welfare benefits of flood risk management. This is especially important when social vulnerability is high, damage compensation is incomplete and the distribution of income is regarded as unfair and income is not redistributed in other ways. Disagreement, misconception, complexity, untrained professionals, political economy and failing guidance are potential reasons why these concepts are not being applied. Compared to the common practice, a theoretically more sound social welfare approach to CBA for flood risk management leads to different conclusions on who to target, what to do, how much to invest and how to share risks, with increased emphasis on resiliency measures for population segments with low income and high social vulnerability. The social welfare approach to CBA, illustrated in this study in the context of floods, can be applied to other climate risks as well, such as storms, droughts, and landslides. WIREs Clim Change 2017, 8:e446. doi: 10.1002/wcc.446This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios

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      Wiley Interdisciplinary Reviews Climate Change
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    Authors: Francisco J. Doblas-Reyes; Javier García-Serrano; Fabian Lienert; Aida Pintó Biescas; +1 Authors

    AbstractSeasonal climate forecasts occupy an intermediate zone between weather forecasting and climate projections. They share with the numerical weather prediction the difficulty of initializing the simulations with a realistic state of the atmosphere and the need to periodically verify different aspects of their quality, while additionally are burdened by uncertainties in feedback processes that also play a central role in constraining climate projections. Seasonal predictions have to deal also with the challenge of initializing all the components of the climate system (ocean, sea ice, and land surface). The value of skilful seasonal forecasts is obvious for many societal sectors and is currently being included in the framework of developing climate services. Seasonal forecasts will in addition be valuable by increasing the acceptance of climate projections among the general public. This advanced‐review article presents an overview of the state‐of‐the‐art in global seasonal predictability and forecasting for climate researchers and discusses fundamental advances to increase forecast quality in the near future. The article concludes with a list of challenges where seasonal forecasting is expected to focus on in the near future. WIREs Clim Change 2013, 4:245–268. doi: 10.1002/wcc.217This article is categorized under: Climate Models and Modeling > Earth System Models Climate Models and Modeling > Knowledge Generation with Models Social Status of Climate Change Knowledge > Climate Science and Decision Making

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    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2013 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
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      Wiley Interdisciplinary Reviews Climate Change
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Anita Wreford; Ruth Dittrich; Thomas van der Pol;

    AbstractClimate change adaptation investment decisions can be made more efficiently if uncertainty and new information are considered in their economic appraisal. Real options analysis (ROA) is a robust decision‐making tool that allows for the incorporation of both uncertainty and new information. In this opinion article, we argue that ROA is a valuable tool, providing the analysis is designed to reflect the real‐world characteristics of the decision context. We highlight the differences between traditional risk‐based ROA, and scenario‐based ROA, and discuss the relative merits of the approaches from the perspective of their assumptions and use of climate information. We also emphasize the need for increased co‐development of ROA design and applications with end‐users. Given the large climate uncertainties for long‐term adaptation planning, we suggest that an emerging strand of scenario‐based ROA methods offers ways to help identify and conditionally value flexibility without aggregating values into precise expected values across states of the world.This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios

    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Article . 2020 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Article . 2020 . Peer-reviewed
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Vicente‐Serrano, Sergio M.; McVicar, Tim R.; Miralles, Diego G.; Yang, Yuting; +1 Authors

    This review examines the role of the atmospheric evaporative demand (AED) in drought. AED is a complex concept and here we discuss possible AED definitions, the subsequent metrics to measure and estimate AED, and the different physical drivers that control it. The complex influence of AED on meteorological, environmental/agricultural and hydrological droughts is discussed, stressing the important spatial differences related to the climatological conditions. Likewise, AED influence on drought has implications regarding how different drought metrics consider AED in their attempts to quantify drought severity. Throughout the article, we assess literature findings with respect to: (a) recent drought trends and future projections; (b) the several uncertainties related to data availability; (c) the sensitivity of current drought metrics to AED; and (d) possible roles that both the radiative and physiological effects of increasing atmospheric CO2 concentrations may play as we progress into the future. All these issues preclude identifying a simple effect of the AED on drought severity. Rather it calls for different evaluations of drought impacts and trends under future climate scenarios, considering the complex feedbacks governing the climate system. Spanish Commission of Science and Technology and FEDER. Grant Numbers: PCIN‐2015‐220, CGL2017‐82216‐R, PCI2019‐103631 H2020 European Research Council. Grant Number: 715254 (DRY‐2‐DRY) WaterWorks 2014. Grant Number: IMDROFLOOD Department of Science and Technology of Qinghai Province. Grant Number: 2019‐SF‐A4 National Science Foundation of China. Grant Number: 41890821 European Union. Grant Number: 690462 (INDECIS) JPI‐Climate (AXIS). Grant Number: CROSSDRO 31 Pags.- 8 Figs. Peer reviewed

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Recolector de Cienci...arrow_drop_down
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    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2019 . 2020 . Peer-reviewed
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Recolector de Cienci...arrow_drop_down
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Other literature type . Article . 2019 . 2020 . Peer-reviewed
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Rob Bellamy;

    AbstractDespite growing recognition that Europe must adapt to climate variability and change, there is still limited evidence of adaptation implementation. At the same time, despite knowing that successful adaptation will be contingent on societal factors just as much as on technical ones, there has been very little research into social perceptions of adaptation technologies. To address this gap, I undertake an interdisciplinary synthesis of stable beliefs and values about technology—those that are less susceptible to change across different situations—from five major but hitherto disconnected theoretical perspectives on perceptions of technology: the psychometric paradigm, the technology control dilemma, cultural theory, technology acceptance models, and responsible innovation. Four common dimensions of perception were identified: knowledge of technology, scope of technological projects, impacts of technology, and trust in the control of technology. These dimensions can be used to develop a concept of and framework for social readiness, whereby aspects of adaptation technologies that are likely to be perceived negatively or positively, and by whom, can be identified. This is by no means a panacea to the challenges of adaptation implementation, but one that contributes to and would join in constructive exchange with wider efforts to evaluate adaptation technologies. I end this review by discussing the need for bridging the gap between opposing epistemic cultures that favor different styles of knowledge production around adaptation technology perception.This article is categorized under:Vulnerability and Adaptation to Climate Change > Institutions for Adaptation

    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
    image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2019 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
      Wiley Interdisciplinary Reviews Climate Change
      Other literature type . Article . 2019 . Peer-reviewed
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Bisaro, Alexander; Hinkel, Jochen;

    Coastal adaptation can reduce climate change impacts and investing now, though costly, will bring greater benefits over the longer term, particularly in urban areas. Yet public actors currently cover a small fraction of needed coastal adaptation investments, a finance gap set to widen as coastal adaptation costs continue to increase. Mobilizing private finance for coastal adaptation is thus a salient challenge, as emphasized in the Paris Agreement. Key under‐researched dimensions of this challenge are what promotes private investment in coastal adaptation and how can public actors’ interest in adaptation be aligned with private investor interests. To address this, we review the literatures on coastal adaptation finance and on financial arrangements involving both public actors and private investors. We describe key actors and interests, and identify coastal financial arrangements that align public actor and private investor interests, finding that private provisioning, public–private Partnerships (PPP), and public debt arrangements are promising. We then survey empirical examples, finding that private provisioning attracts investment when returns are high, for example, in urban real estate, and that PPPs attract dredging and construction companies’ investment, particularly for adaptation measures with a large share of operational costs, for example, beach nourishment. We find little evidence of institutional investment through public debt instruments. A number of policy instruments, for example, concessional loans, tax incentives, and standards, may address this gap and enhance private coastal adaptation investment. Our results are also relevant for other sectors that involve long‐term infrastructure adaptation measures.This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios Vulnerability and Adaptation to Climate Change > Learning from Cases and Analogies

    image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODO; Wiley Interd...arrow_drop_down
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      image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODO; Wiley Interd...arrow_drop_down
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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: Kind, Jarl; Botzen, W.J.W.; Aerts, Jeroen; UU LEG Research UUSE Multidisciplinary Economics; +2 Authors

    Most cost‐benefit analysis (CBA) textbooks and guidelines recognize the objective of CBAs to improve social welfare—a function of well‐being of all individuals, conceptualized by utility. However, today's common practice to value flood risk management benefits as the reduction of the expected annual damages does not comply with this concept of social welfare, since it erroneously focuses on money instead of well‐being (utility). Diminishing marginal utility of money implies that risk aversion and income differences should be taken into account while calculating the social welfare benefits of flood risk management. This is especially important when social vulnerability is high, damage compensation is incomplete and the distribution of income is regarded as unfair and income is not redistributed in other ways. Disagreement, misconception, complexity, untrained professionals, political economy and failing guidance are potential reasons why these concepts are not being applied. Compared to the common practice, a theoretically more sound social welfare approach to CBA for flood risk management leads to different conclusions on who to target, what to do, how much to invest and how to share risks, with increased emphasis on resiliency measures for population segments with low income and high social vulnerability. The social welfare approach to CBA, illustrated in this study in the context of floods, can be applied to other climate risks as well, such as storms, droughts, and landslides. WIREs Clim Change 2017, 8:e446. doi: 10.1002/wcc.446This article is categorized under: Climate Economics > Iterative Risk‐Management Policy Portfolios

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    Wiley Interdisciplinary Reviews Climate Change
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      Wiley Interdisciplinary Reviews Climate Change
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  • image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
    Authors: Francisco J. Doblas-Reyes; Javier García-Serrano; Fabian Lienert; Aida Pintó Biescas; +1 Authors

    AbstractSeasonal climate forecasts occupy an intermediate zone between weather forecasting and climate projections. They share with the numerical weather prediction the difficulty of initializing the simulations with a realistic state of the atmosphere and the need to periodically verify different aspects of their quality, while additionally are burdened by uncertainties in feedback processes that also play a central role in constraining climate projections. Seasonal predictions have to deal also with the challenge of initializing all the components of the climate system (ocean, sea ice, and land surface). The value of skilful seasonal forecasts is obvious for many societal sectors and is currently being included in the framework of developing climate services. Seasonal forecasts will in addition be valuable by increasing the acceptance of climate projections among the general public. This advanced‐review article presents an overview of the state‐of‐the‐art in global seasonal predictability and forecasting for climate researchers and discusses fundamental advances to increase forecast quality in the near future. The article concludes with a list of challenges where seasonal forecasting is expected to focus on in the near future. WIREs Clim Change 2013, 4:245–268. doi: 10.1002/wcc.217This article is categorized under: Climate Models and Modeling > Earth System Models Climate Models and Modeling > Knowledge Generation with Models Social Status of Climate Change Knowledge > Climate Science and Decision Making

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    Wiley Interdisciplinary Reviews Climate Change
    Other literature type . Article . 2013 . Peer-reviewed
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      image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Wiley Interdisciplin...arrow_drop_down
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      Wiley Interdisciplinary Reviews Climate Change
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