The climate change debate is often characterized by worst-case thinking, cost neglect, probability neglect, and avoidance of the notion of acceptable risk. Much of the climate change debate has focused on costly measures to reduce CO2 emissions. Climate adaptation, such as reducing vulnerability of infrastructure to extreme weather events, is much less costly, more effective in the short-term, and in many cases a sound investment even if climate projections turn out to be inaccurate.
Mark Stewart, a visiting fellow at Mershon, and professor of civil engineering at University of Newcastle in Australia, is applying risk and cost-benefit considerations to climate adaptation strategies, and determining whether they are cost-effective or not.