Evaluation of management strategies in Ningaloo Marine Park, Western Australia
In: International Journal of Sustainable Society, Band 6, Heft 1/2, S. 102
ISSN: 1756-2546
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In: International Journal of Sustainable Society, Band 6, Heft 1/2, S. 102
ISSN: 1756-2546
In: Ecology and society: E&S ; a journal of integrative science for resilience and sustainability, Band 19, Heft 3
ISSN: 1708-3087
Climate adaptation requires large capital investments that could be provided not only by traditional sources like governments and banks, but also by derivatives markets. Such markets would allow two parties with different tolerances and expectations about climate risks to transact for their mutual benefit and, in so doing, finance climate adaptation. Here we calculate the price of a derivative called a European put option, based on future sea surface temperature (SST) in Tasmania, Australia, with an 18 °C strike threshold. This price represents a quantifiable indicator of climate risk, and forms the basis for aquaculture industries exposed to the risk of higher SST to finance adaptation strategies through the sale of derivative contracts. Such contracts provide a real incentive to parties with different climate outlooks, or risk exposure to take a market assessment of climate change. ; Support for this research came from the CSIRO Climate Adaptation Flagship, Enabling Adaptation Pathways project.
BASE
In: Marine policy, Band 148, S. 105444
ISSN: 0308-597X
Climate adaptation requires large capital investments that could be provided not only by traditional sources like governments and banks, but also by derivatives markets. Such markets would allow two parties with different tolerances and expectations about climate risks to transact for their mutual benefit and, in so doing, finance climate adaptation. Here we calculate the price of a derivative called a European put option, based on future sea surface temperature (SST) in Tasmania, Australia, with an 18 °C strike threshold. This price represents a quantifiable indicator of climate risk, and forms the basis for aquaculture industries exposed to the risk of higher SST to finance adaptation strategies through the sale of derivative contracts. Such contracts provide a real incentive to parties with different climate outlooks, or risk exposure to take a market assessment of climate change. ; Support for this research came from the CSIRO Climate Adaptation Flagship, Enabling Adaptation Pathways project.
BASE
In: Marine policy, Band 151, S. 105596
ISSN: 0308-597X
In: Marine policy, Band 112, S. 103741
ISSN: 0308-597X
In: Environmental science & policy, Band 48, S. 44-56
ISSN: 1462-9011
In: Marine policy, Band 124, S. 104353
ISSN: 0308-597X
In: ONE-EARTH-D-20-00073
SSRN
Working paper