Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy
Francesco Bosello,
Carlo Carraro () and
Enrica De Cian ()
No 116907, Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM)
Abstract:
The latest round of international negotiations in Copenhagen led to a set of commitments on emission reductions which are unlikely to stabilise global warming below or around 2°C. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address climate-related damages. What is the role of adaptation in this setting? How is it optimally allocated across regions and time? To address these questions, this paper analyses the optimal mix of adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long-term stabilisation target (550 CO2-eq). It uses an Integrated Assessment Model (AD-WITCH) that describes the relationships between different adaptation modes (reactive and anticipatory), mitigation, and capacity-building to analyse the optimal portfolio of adaptation measures. Results show the optimal intertemporal distribution of climate policy measures is characterised by early investments in mitigation followed by large adaptation expenditures a few decades later. Hence, the possibility to adapt does not justify postponing mitigation, although it reduces its costs. Mitigation and adaptation are thus shown to be complements rather than substitutes.
Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 38
Date: 2011-10
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
https://ageconsearch.umn.edu/record/116907/files/NDL2011-069.pdf (application/pdf)
Related works:
Journal Article: Adaptation can help mitigation: an integrated approach to post-2012 climate policy (2013) 
Working Paper: Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy (2012) 
Working Paper: Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy (2011) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcl:116907
DOI: 10.22004/ag.econ.116907
Access Statistics for this paper
More papers in Climate Change and Sustainable Development from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().