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This book surveys and discusses some of the main theoretical issues raised by adaptation to climate changes and describes in detail an empirical case study on the metrics and the estimates of related costs and benefits. The book argues that a basic distinction should be made between adaptation and adaptability. Rather than merely enhancing adaptation, strategies and projects should be aimed at increasing the capability to adapt to the changing environment as a form of immaterial capital and contingent wealth.

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Pasquale L. Scandizzo (Ph.D. 1972, U.C. Berkeley) is Professor of Political Economy and Director of the Center for Economic and International Studies (CEIS) of the University of Rome "Tor Vergata". His published works include 17 books and more than 100 professional articles.

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