Working Paper Series
Climate Futures at Macquarie periodically publishes working papers that present current research being undertaken by our members. Working Papers are the pre-publication version of academic articles, book chapters, or reviews and have not been refereed.
No 1. Drought Resilient Strategies
Dr. Ram Ranjan
Abstract: Drought resilience is defined in this paper as the capacity of farmers to survive a certain number of consecutive droughts. Farmers can enhance their drought resilience through accumulating wealth and through conserving groundwater. A stylized model quantifies drought resilience and analyses key trade-offs between wealth accumulation and groundwater conservation strategies. Findings highlight differing patterns of drought resilient strategies for farmers varying in their endowments and time preferences.
No 2. Natural Resource Sustainability versus Livelihood Resilience: Groundwater Exploitation Strategies under Prolonged Droughts
Dr. Ram Ranjan
Abstract: When faced with depleting natural resources such as groundwater, farmers often rely upon a combination of resources such as financial and social capital along with natural capital in order to sustain their livelihoods. This paper addresses the problem of providing livelihoods resilience for farmers in water scarce regions where traditional capabilities and assets face the threat of becoming unviable. It is argued here that attaining livelihood resilience will entail a transformation process involving tradeoffs between different capital assets where it may be optimal for a farmer to forego the objective of maintaining groundwater sustainability. However, mere forgoing of groundwater may not ensure resilience for all. In a heterogeneous community of villagers, initial wealth endowments may play a crucial role in determining who attains resilience and who does not.
No 3. Optimal Carbon Mitigation Including the REDD Option
Abstract: REDD programs offer an attractive option to cheaply mitigate carbon. However, there are 19 challenges associated with the designing of the optimal level of REDD that society must invest in 20 given the risks and non-uniform costs associated with REDD implementation in various countries. 21 This paper develops an integrated assessment model for carbon mitigation incorporating the REDD 22 option and derives the optimal timing and level of REDD participation for key countries based upon 23 their opportunity costs and risks. Additionally, the relevance and importance of REDD programs is 24 explored under the possibility of non-linear damages resulting from the accumulated stock of 25 atmospheric carbon.
No 4. Resilience Revisited - An Etymology & Genealogy of a Contested Concept
Dr Peter Rogers
Abstract: This paper reviews the resilience metaphor, asking ‘what is resilience?’ from (a) an etymological approach; and (b) a genealogical approach. This addresses the origins of the term in Latin and English, the adaptation of the concept in research, and the reapplication of resilience in policies of civil defence, civil protection and civil contingencies. This is extended to the resultant adoption of an ‘all-hazards’ approach to emergency management at the turn of the new century. The paper concludes by linking the emergent multi-disciplinary metaphor back to current trends in research, suggesting resilience remains a useful concept for empirical enquiry.