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Role of local institutions in formulating climate change adaptation strategies for a low water future: A public policy perspective

journal contribution
posted on 05.11.2018, 00:00 authored by Jayanath AnandaJayanath Ananda
This paper examines the role of local institutions in supporting climate change adaptation action from a public policy perspective. While certain adaptation actions will provide public benefits, many others will offer private benefits. The paper argues that adaptation investments and assigning the adaptation responsibility across various actors should be guided by a clear public-private benefit framework. A case study of adapting to a ‘low water future’ in North East Victoria is used to discuss the role of local institutions and industries in formulating climate change adaptation strategies. The findings indicate that formulating adaptation strategies, at the local level, has been complicated by the existence of considerable uncertainty in the nature and magnitude of adverse climatic impacts. The planning problem is further exacerbated by considerable information asymmetries and moral hazard issues inhibiting climate change adaptation for reduced water supply by local institutions and industries.

Funding

Category 2 - Other Public Sector Grants Category

History

Volume

18

Issue

3

Start Page

315

End Page

341

Number of Pages

27

ISSN

1324-0935

Publisher

Regional Science Association , Australia

Peer Reviewed

Yes

Open Access

No

Era Eligible

Yes

Journal

Australasian Journal of Regional Studies