Data/hora: 13/06/2024 07:07:06

Provedor de dados: | 31
País: | United States
Título: | Adaptation, Mitigation and “Green” R&amp;D to Combat Global Climate Change. Insights From an Empirical Integrated Assessment Exercise
Autores: | Bosello,   Francesco.
Data: | 2010-03-25
Ano: | 2010
Palavras-chave: | Climate Change Impacts; Mitigation; Adaptation; Integrated Assessment; Environmental Economics and Policy; Q25; Q28.
Resumo: | This work develops a framework for the analysis at the macro-level of the relationship between adaptation and mitigation policies. The FEEM-RICE growth model with stock pollution, endogenous R&amp;D investment and emission abatement is enriched with a planned-adaptation module where a defensive capital stock is built through adaptation investment. Within this framework the optimal path of planned adaptation, the optimal inter and intra temporal mix between adaptation, mitigation and investment in R&amp;D, and the sensitivity of a strategy to each other is identified. The major conclusions of this research show that adaptation, mitigation and R&amp;D are strategic complements as all concur together to the solution of the climate change problem; nonetheless the possibility to adapt reduces the need to mitigate and partly crowds out other forms of investment like those in R&amp;D. The optimal intertemporal distribution of strategies is also described: it requires to anticipate mitigation effort that should start already when climate damages are low and postpone adaptation intervention until they are substantial. Thus the possibility to adapt is not a justification to delay abatement activities. A sensitivity analysis demonstrates the robustness of these results to different parameterizations, in particular to changes in expected climate-change damages and in the discount rates.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/59746

Relação:

Fondazione Eni Enrico Mattei (FEEM)&gt;Sustainable Development Papers

SD

22.2010

Formato: | 32