Physical Sciences and Mathematics Commons^™

Adaptation To Climate Change Via Insurance And Financial Incentives, Eric R. Holley

School of Natural Resources: Dissertations, Theses, and Student Research

Catastrophic climatic events have accounted for 72% of global insurance claims and totaled ~$1 trillion from 1980 to 2012. Costs are driven by socio-economic developments and an increased frequency and severity of climatic disasters in which climate change may have been a contributing factor. Climate change is projected to become a more prominent driver of these changes in the decades ahead. Government policies to reduce systemic risk have been the predominant approach for multi-level mitigation and adaptation to climate change. The analysis presented here shows how forceful and effective market-based approaches for adaptation and mitigation to climate change already operate …