Adapting to Climate Changes: How to Evaluate Strategies and Projects

This book surveys and discusses some of the main theoretical issues raised by adaptation to climate changes and describes in detail an empirical case study on the metrics and the estimates of related costs and benefits. The book argues that a basic distinction should be made between adaptation and adaptability. Rather than merely enhancing adaptation, strategies and projects should be aimed at increasing the capability to adapt to the changing environment as a form of immaterial capital and contingent wealth.