Economic implications of autonomous adaptation of firms and households in a resource-rich coastal city.

ABSTRACT: Climate change intensifies the likelihood of extreme flood events worldwide, amplifying the potential for compound flooding. This evolving scenario represents an escalating risk, emphasizing the urgent need for comprehensive climate change adaptation strategies across society. Vital to effective response are models that evaluate damages, costs, and benefits of adaptation strategies, encompassing non-linearities and feedback between anthropogenic and natural systems. While flood risk modeling has progressed, limitations endure, including inadequate stakeholder representation and indirect risks such as business interruption and diminished tax revenues. To address these gaps, we propose an innovative version of the Climate-economy Regional Agent-Based model that integrates a dynamic, rapidly

SUBMITTER: Taberna A 

PROVIDER: S-EPMC10663627 | biostudies-literature | 2023 Nov

REPOSITORIES: biostudies-literature