Wednesday, October 03, 2012

Cities vs. Rural Areas and Adapting to Drought

Urbanites are more insulated against climate shocks than farmers.  Read this for some evidence.  Yes, urbanites import food to eat but in a globalized economy, they can import it from thousands of possible places around the world.  International trade is a climate change adaptation strategy because it diversifies risk.  As I've argued many times, urbanization is a climate change adaptation strategy.

Does President Obama mention climate change on the campaign trail?  It is time to start to think hard about the economics of climate change adaptation.