Adapting to Climate Change: Markets and the Management of an Uncertain Future

A revelatory study of how climate change will affect individual economic decisions, and the broad impact of those choices

Selected by Publishers Weekly as one of its Top Ten Books in Business and Economics for Spring 2021

It is all but certain that the next century will be hotter than any we've experienced before. Even if we get serious about fighting climate change, it's clear that we will need to adapt to the changes already underway in our environment. This book considers how individual economic choices in response to climate change will transform the larger economy.

Using the tools of microeconomics, Matthew E. Kahn explores how decisions about where we live, how our food is grown, and where new business ventures choose to locate are affected by climate change. Kahn suggests new ways that big data can be deployed to ease energy or water shortages to aid agricultural operations and proposes informed policy changes related to public infrastructure, disaster relief, and real estate to nudge land use, transportation options, and business development in the right direction.