Climate Change Impact Assessments for International Market Systems (CLIMARK)
The vast majority of climate change impact assessments evaluate how local or regional systems and processes may be affected by a future climate. Alternative strategies that extend beyond the local or regional scale are needed when assessing the potential impacts of climate change on international market systems, including agricultural commodities. These industries have multiple production regions that are distributed worldwide and are likely to be differentially impacted by climate change. Furthermore, for many industries and market systems, especially those with long-term climate-dependent investments, temporal dynamics need to be incorporated into the assessment process, including changing patterns of international trade, consumption and production, and evolving adaptation strategies by industry stakeholder groups. A framework for conducting climate change assessments for international market systems, developed as part of the CLIMARK (Climate Change and International Markets) project is outlined, and progress toward applying the framework for an impact assessment for an agricultural commodity is described. Incorporation of spatial and temporal dynamics provides a more comprehensive evaluation of climate change impacts and an assessment product of potentially greater utility to industry stakeholders.