| Title |
Economic Assessment of Climate Change Adaptation Technologies in Infrastructure Sector |
| Authors |
Jeong, Hoyoung ; Kim, Hyoungkwan |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2019.20.2.044 |
| Keywords |
Climate Change ; Adaptation Technology ; Economic Assessment |
| Abstract |
The frequency and severity of damage caused by extreme climate events are increasing due to climate change. If the infrastructure is not prepared for the risks of climate change, property loss may occur in the facility itself and its surrounding areas. Therefore, climate change adaptation technology should be introduced to reduce future losses. Policy makers need to understand the economic impacts of each technology in order to select an appropriate option. Both the primary damage, which is the direct damage to the facility, and the secondary damage, which is the damage to the surrounding area due to climate change, should all be identified for understanding the economic impact from adaptation. This paper presents a procedure for deriving primary and secondary damage reductions from introducing adaptation technologies and suggests a methodology for evaluating adaptation technology specific to each infrastructure. |