Event details
C-PREE Bradford Seminar: Sea Level Rise and Urban Adaptation in Jakarta
Sea level rise poses an existential threat to Jakarta, which faces frequent and worsening flooding. The government has responded with a proposed sea wall. In this setting, I study how government intervention complicates long-run adaptation to climate change. I show that government intervention creates coastal moral hazard, and I quantify this force with a dynamic spatial model in which developers and residents act with flood risk in mind. I find that moral hazard generates severe lock-in and limits migration inland, even over the long run.
Link to working paper: https://allanhsiao.com/files/Hsiao_jakarta.pdf
The David Bradford Energy and Environmental Policy Seminar Series is coordinated by the Center for Policy Research on Energy and the Environment (C-PREE), and co-sponsored by the High Meadows Environmental Institute (HMEI). This seminar is also co-sponsored by the Andlinger Center for Energy and the Environment, the Department of Economics, and the Griswold Center for Economic Policy Studies.
This in-person event is open to the Princeton University community. Members of the public may watch the seminar over livestream at http://mediacentrallive.princeton.edu/
University programs and activities are open to all eligible participants without regard to identity or other protected characteristics. Sponsorship of an event does not constitute institutional endorsement of external speakers or views presented.
View physical accessibility information for campus buildings and find accessible routes using the Princeton Campus Map app.