Adoption Gaps of Environmental Adaptation Technologies with Public Effects

Angelo Antoci, Simone Borghesi, Giulio Galdi and Sergio Vergalli

Environmental & Resource Economics, 2022, vol. 83, issue 2, No 3, 313-339

Abstract: Abstract As the Intergovernmental Panel on Climate Change (2018) testifies, the world is a long way from halting climate change, let alone reverting it. The existence of adaptation and mitigation technologies did not prove sufficient, their adoption being respectively faulted or hindered by the presence of externalities. In this work, we study how externalities, whether positive or negative, lead the system away from Pareto-dominant (social optimum) states, towards Pareto-dominated ones. We show that adoption gaps, i.e. differences between socially optimum vs current adoption shares, of both (mal)adaptation and mitigation technologies are caused by the externalities emitted. In particular, over-adoption may occur for maladaptive technologies, whereas under-adoption may occur in case of mitigation. We employ a model with two regions at different stages of development and also derive relevant considerations on possible counterproductive effects of green policies and environmental dumping.

Keywords: Maladaptation; Mitigation; Externalities; Environmental dumping (search for similar items in EconPapers)
JEL-codes: C70 D62 O13 O40 Q20 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Working Paper: Adoption Gaps of Environmental Adaptation Technologies with Public Effects (2019)
Working Paper: Adoption Gaps of Environmental Adaptation Technologies with Public Effects (2019)
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DOI: 10.1007/s10640-021-00561-1

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