Article ID Journal Published Year Pages File Type
5034625 Journal of Economic Behavior & Organization 2016 10 Pages PDF
Abstract
By now it is widely recognized that the more serious threats of climate change are associated with abrupt events capable of inflicting losses on a catastrophic scale. Consequently, the main role of climate policies is to balance between mitigation efforts, aimed at delaying (or even preventing) the occurrence of such events, and adaptation actions, aimed at minimizing the damage inflicted upon occurrence. The former affects the accumulation of greenhouse gases in the atmosphere; the latter determines the impact of loss once the event occurs. This work examines the tradeoffs associated with these two types of policy measures by characterizing the optimal mitigation-adaptation mix in the long run.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
, ,