Abstract
Abstract. Climate change is a fact; therefore, adaptation to a changing environment is a necessity. Adaptation is ultimately local, yet similar challenges pose
themselves to decision-makers all across the globe and on all levels. The
Economics of Climate Adaptation (ECA) methodology has established an economic
framework to fully integrate risk and reward perspectives of different
stakeholders, underpinned by the CLIMADA (CLIMateADAptation) impact modeling platform. We present
an extension of the latter to appraise adaption options in a consistent
fashion in order to provide decision-makers from the local to the global level
with the necessary facts to identify the most effective instruments to meet
the adaptation challenge. We apply the open-source Python implementation to a
tropical cyclone impact case study in the Caribbean, using openly available
data. This allows us to prioritize a small basket of adaptation options, namely
green and gray infrastructure options as well as behavioral measures and risk
transfer, and permits inter-island comparisons. In Anguilla, for example,
mangroves avert simulated damages more than 4 times the cost estimated for mangrove
restoration, whereas the enforcement of building codes is shown to be effective in the
Turks and Caicos Islands in a moderate-climate-change scenario. For all
islands, cost-effective measures reduce the cost of risk transfer, which
covers the damage of high-impact events that cannot be cost-effectively prevented
by other measures. This extended version of the CLIMADA platform has been
designed to enable risk assessment and options appraisal in a modular form and
occasionally bespoke fashion yet with the high reusability of common
functionalities to foster the usage of the platform in interdisciplinary studies
and international collaboration.
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