Policy tradeoffs under risk of abrupt climate change

Yacov Tsur and Amos Zemel

No 290042, Discussion Papers from Hebrew University of Jerusalem, Department of Agricultural Economics and Management

Abstract: By now it is widely recognized that the more serious threats of climate change are associated with abrupt events capable of inicting losses on a catastrophic scale. Consequently, the main role of climate policies is to balance between mitigation eorts, aimed at delaying (or even preventing) the occurrence of such events, and adaptation actions, aimed at minimizing the damage inicted 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 tradeos associated with these two types of policy measures by characterizing the optimal mitigation-adaptation mix in the long run.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 25
Date: 2015-08-24
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Policy tradeoffs under risk of abrupt climate change (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:huaedp:290042

DOI: 10.22004/ag.econ.290042

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