Buying Greenhouse Gas Insurance: International Trade and the Adaptation to Climate Change and Variability

Oliver Schenker and Gunter Stephan

Papers from World Trade Institute

Abstract: This paper has three messages mainly, which are observed both in a simple theoretical model and its empirical application in a general equilibrium analysis of climate change, international trade and adaptation. First, trade might be viewed as a kind of autonomous adaptation to climate change and variability. In particular, trade can help to reduce direct impacts of global climate change on a region’s welfare, but is itself vulnerable to climate change and variability. Second, the less affected and the richer nations are, the more they can profit mostly from moderating the impacts of global climate change through trade. Finally and third, even without cooperation in the solution of the global climate problem, it is in the self-interest of the industrialized nations to fund strategically adaptation in the developing part of the world.

Date: 2011-05-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.wti.org/media/filer_public/91/9a/919ac3 ... de_adaptation_01.pdf First version (application/pdf)

Related works:
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:wti:papers:219

Access Statistics for this paper

More papers in Papers from World Trade Institute Contact information at EDIRC.
Bibliographic data for series maintained by Morven McLean ( this e-mail address is bad, please contact ).