How can markets help us adapt to the challenges of climate change? Adaptive actions can typically deliver much more, faster and more cheaply than any realistic climate policy, argues editor Terry L. Anderson. In this collection of in-depth essays, leading policy analysts examine a range of issues: the hidden costs of emerging renewable energy resources like wind and solar; the political obstacles surrounding climate change policy; the shortcomings of localized policies, such as carbon emission targets, that have little effect on the global atmosphere; and insurance and market instruments that can help us discover the extent and cost of climate risk. The policies they suggest can be implemented now to more efficiently benefit the livelihoods of people as well as the planet. Book jacket.