Time is of the Essence: Climate Adaptation Induced by Existing Institutions

Antonio Bento (), Noah S. Miller, Mehreen Mookerjee and Edson Severnini

No 28783, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study conceptualizes and demonstrates empirically that existing non-climate policies can induce climate adaptation. Adaptation involves adjusting to or coping with climatic change with the goal of reducing our vulnerability to its harmful effects. We examine the impact of temperature on ambient ozone concentration in the United States from 1980-2013. Ozone is formed under warm temperatures, but regulated by the Clean Air Act. These air quality standards may act as a buffer against extreme increases in ambient ozone concentration. Indeed, adaptation in counties out of attainment with the standards is 107 percent larger than under attainment, implying substantial regulation-induced adaptation.

JEL-codes: D02 H23 K32 P48 Q53 Q54 Q58 (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-agr and nep-env
Note: EEE
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Working Paper: Time is of the Essence: Climate Adaptation Induced by Existing Institutions (2021)
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