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| Bosello, Francesco. |
| 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&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&D, and the sensitivity of a strategy to each other is identified. The major conclusions of this research show that adaptation, mitigation and R&D are strategic complements as all concur together to the solution of the climate change problem; nonetheless... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Climate Change Impacts; Mitigation; Adaptation; Integrated Assessment; Environmental Economics and Policy; Q25; Q28. |
| Ano: 2010 |
URL: http://purl.umn.edu/59746 |
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