This presentation will summarise the findings of CCRA3 on the economic costs of climate change in the UK, and the costs and benefits of adaptation, as well as follow a follow-up study for Defra on the economics of adaptation.
It will assess how these estimates have changed over time, and the key implications for adaptation policy.
It will also present recent work looking at mainstreaming economics into adaptation policy and the differences to the standard adaptation policy cycle.
Finally, the talk will cover emerging issues, including the impact of climate change on the public finance, and the scale up of adaptation financing.
Paul Watkiss is the Director of Paul Watkiss Associates, a research consultancy specialising in adaptation policy, planning, finance and economics. He has over 20 years of applied adaptation experience. Paul led the economic assessment for the UK Climate Change Risk Assessment 3 and is currently working on the Defra funded ‘Economic Case for Climate Change Adaptation’ project, as well as European and international research on the economics of adaptation.