Environmental economics and responses to climate change

Introduction
Assessment of the consequences of climate change is still in its infancy but critical — both for understanding climate risks at different scales, and for making the case for action on emissions reduction and adaptations.

Tools and methods
Important tools and methods in environmental economics are the development of integrated economy-environment models, the assessment of the welfare consequences of environmental policy measures, the design and implementation of environmental policy instruments, and the development of environmental and sustainability indicators.

Key research foci 
• Climate vulnerabilities and responses in ecological, water and coastal systems; and in cities, industry and infrastructure. A multi-stress approach in which environmental and socio-economic changes are seen as acting together, will be taken to generate new risks and governance challenges. 
• Detection, measurement and modeling of changes in water- and ecosystems in response to climate change. 
• Assessment of business, policy and social responses to climate risks and opportunities. 
• Economic analysis of the costs and benefits of climate risks and adaptation to them. 
• Development of adaptive governance approaches to managing risk and uncertainty. 

Core Faculty Members
Prof Han Dolman 
Prof Joyeeta Gupta