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Economic Analysis of Climate Change to Establish Effective Adaptation Policies  

Chae, Yeo-Ra (Korea Environment Institute)
Youm, Yoo-Na (Korea Environment Institute)
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Abstract
This paper provides an extensive overview of the literature on economic analysis of climate change, and thereby provides direction for effective adaptation policies for Korea. The paper first gives a comprehensive look on the estimation of economic costs of climate change as given by various research. Following, the paper examines the choice of measures that are used in the economic analysis of climate change by different sectors, including agriculture and human health. The paper also compares and discusses the various analytic results with a focus on Korea in order to shed light on where Korea stands. Finally, the paper examines current literature on adaptation polices in response to climate change, and by examining how such research has evolved and deepened with time, provide directions for the research on adaptation policies for Korea.
Keywords
Climate Change; Economic Analysis; Adaptation Policies;
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