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Climate change perception, impact and adaptation: Implications for crop insurance

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  • Richard KOENIG
  • Marielle BRUNETTE

Abstract

Weather-related events represent a main threat for French farmers, and their frequency and intensity are expected to increase due to climate change. In this context, we analyse the link between climate change perception, expected impact of climate change, and potential adaptation strategies that can be implemented to face climate change. For that purpose, we analysed the results of a survey conducted in 2021 on 288 French farmers. On the basis of these data, we created two indexes: a climate change perception index and an index of concern towards the expected impact of climate change. We first present some interesting correlations between adaptation strategies and hazards. We then identify some determinants of climate change perception and the expected impacts of climate change. Finally, we highlight two adaptation paths favoured by farmers. Depending on the characteristics of their farms and their perception of exposure today, some will favour farming adaptation, while others will favour the diversification of their income. We then discuss these results in terms of the existing crop insurance scheme in France.

Suggested Citation

  • Richard KOENIG & Marielle BRUNETTE, 2023. "Climate change perception, impact and adaptation: Implications for crop insurance," Working Papers of BETA 2023-36, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    • Handle: RePEc:ulp:sbbeta:2023-36
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    References listed on IDEAS

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    1. Catherine C. Eckel & Philip J. Grossman, 2002. "Sex Differences and Statistical Stereotyping in Attitudes Toward Financial Risk," Monash Economics Working Papers archive-03, Monash University, Department of Economics.
    2. Richard KOENIG & Marielle BRUNETTE, 2023. "Subjective barriers and determinants to crop insurance adoption," Working Papers of BETA 2023-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Enjolras, Geoffroy & Capitanio, Fabian & Adinolfi, Felice, 2012. "The Demand for Crop Insurance: Combined Approaches for France and Italy," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(1), pages 1-18.
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    More about this item

    Keywords

    Climate change; Perception; Crop insurance; Adaptation; France.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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