Climate change adaptation investment decisions can be made more efficiently if uncertainty and new information are considered in their economic appraisal. Real options analysis (ROA) is a robust decision-making tool that allows for the incorporation of both uncertainty and new information. In this opinion article, we argue that ROA is a valuable tool, providing the […]
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Can societies adapt to 21stcentury sea-level rise? The ability of societies around the world to adapt to 21stcentury sea-level rise (SLR) is more likely to be dependent upon social factors, including finance, than technical capabilities. That is the conclusion of an international team of researchers lead by Dr. Jochen Hinkel from the Global Climate Forum […]