Assets and Adaptation: An Emerging Debate

Previously viewed as a somewhat defeatist response to climate change, adaptation is now seen as an essential component of any climate policy (Pielke et al. 2007). There are three main reasons for this increase in interest. First, that the impacts of climate change are already being observed and, because of lags in the natural system, more impacts are inevitable (Burton et al. 2002). Second, that mitigation responses have been slow and inadequate, making adaptation all the more necessary (Reid and Huq 2007). And third, aware that they are likely to bear the greatest physical impacts from climate change, governments in developing countries are increasingly demanding greater attention to adaptation on the international stage