EconPapers    
Economics at your fingertips  
 

Mitigation and adaptation are not enough: turning to emissions reduction abroad

Alain Ayong Le Kama () and Aude Pommeret ()

No 2015-2, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: In this paper we focus on a long-term dynamic analysis of the optimal adaptation/mitigation mix in the presence of a pollution threshold above which adaptation is no longer efficient. We account for accumulation in abatement capital, greenhouse gases, and adaptation capital in order to better capture the arbitrage between abatement and adaptation investments. Pollution damages arise from the emissions due to the country consumption but also from the emissions of the rest of the world (ROW). A pollution threshold is then introduced, above which adaptation is no longer efficient. We obtain that if this threshold is lower than the steady-state level of pollution, there is no way for the modeled economy to avoid it. In particular, such a situation will appear if the ROW's emissions are high. Next step is then to introduce another type of investment allowing for lower ROW pollution ie. emissions eduction abroad through CDM for instance. We obtain that CDM may be a means to avoid a pollution threshold above which adaptation becomes of no use.

Keywords: climate change; mitigation; adaptation; CDM; pollution threshold. (search for similar items in EconPapers)
JEL-codes: Q5 Q52 Q56 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://economix.fr/pdf/dt/2015/WP_EcoX_2015-02.pdf (application/pdf)

Related works:
Working Paper: Mitigation and adaptation are not enough: turning to emissions reduction abroad (2016) Downloads
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:drm:wpaper:2015-2

Access Statistics for this paper

More papers in EconomiX Working Papers from University of Paris Nanterre, EconomiX Contact information at EDIRC.
Bibliographic data for series maintained by Valerie Mignon ().

 
Page updated 2019-07-16
Handle: RePEc:drm:wpaper:2015-2