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Module 4: Risk Under Deep Uncertainty (29/22) -- Financial Impact of Climate Change

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Module 4: Risk Under Deep Uncertainty

Module 4: Risk Under Deep Uncertainty Adaptation Pathways Our second model is Adaptation Pathways. Adaptation Pathways define a broad range of sequential actions that achieve the decision-makers’ goal, and enables planners to both configure an action sequence to align with preferred decision principles, and builds in future decision points that support timely switching between strategies. The video below provides a brief overview of the approach. The Singapore drainage example is drawn from Buurman, J. & Babovic, V. (2016). Adaptation Pathways and Real Options Analysis: An approach to deep uncertainty in climate change adaptation policies. Policy and Society, 35(2), 137-150.
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