Given that global greenhouse gas emissions are likely to continue to rise in the coming decades, we must invest in resilience. We have three different adaptation strategies. We can invest in self-protection to reduce our risk exposure; this includes migrating away from areas that are prone to hazards or taking proactive steps such as putting a home on stilts to reduce risk exposure. The second is to rely on government investment in spatial protection strategies such as seawalls and levees. A third strategy would be to purchase insurance to guarantee that we receive a payment if a disaster occurs.
Enhancing climate change resilience through self-protection, public investment, and market insurance (Matthew E. Kahn and Somik V. Lall, Brookings)
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