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 policiesPolicy and Society, 35(2), 137-150.

Video attribution: “Adaptation Pathways” by Todd Thexton, Financial Impact of Climate Change, Adaptation Learning Network is licensed under CC BY 4.0.

License

Icon for the Creative Commons Attribution 4.0 International License

Financial Impact of Climate Change Copyright © 2021 by Todd Thexton is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book