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Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy AgEcon
Bosello, Francesco; Carraro, Carlo; De Cian, Enrica.
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...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change Impacts; Mitigation; Adaptation; Integrated Assessment Model; Environmental Economics and Policy; Q54; Q56; Q43.
Ano: 2011 URL: http://purl.umn.edu/116907
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Inter-Temporal Investment in Climate Change Adaptation and Mitigation AgEcon
Wang, Weiwei; McCarl, Bruce A..
Currently, different dimensions of mitigation strategies have been investigated in policy analysis. However, ambitious mitigation action aiming at reducing future climate change will not prevent much climate change before mid-century. Short-term and medium-term temperature as well as associated damages cannot be avoided completely. Increasingly there appears to be recognition of the need to simultaneously implement adaptation and mitigation. However, the optimal combination between adaptation and mitigation that can best address climate change over time is still an open question. Literature base is rather small, yet very diverse and inconsistent in conclusions. In this paper, we do an exploration of the temporal optimal investment mix between adaptation...
Tipo: Conference Paper or Presentation Palavras-chave: Climate Change Damages; Adaptation; Mitigation; Temporal Investment; Integrated Assessment Model; Environmental Economics and Policy; Resource /Energy Economics and Policy; Risk and Uncertainty; Q54; Q58.
Ano: 2011 URL: http://purl.umn.edu/103408
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Fairness, Credibility and Effectiveness in the Copenhagen Accord: An Economic Assessment AgEcon
De Cian, Enrica; Favero, Alice.
State-of-the-art literature on climate change policies has proposed numerous approaches for the Post-Kyoto agreement. However, in analysing the outcome of negotiations, the feeling is that a huge gap exists between policy makers and scientists. This paper tries to bridge this gap by providing a critical and comparative analysis of the Copenhagen Accord provisions, linking them to a part of the climate-economy literature. It assesses Copenhagen outcome in terms of economic efficiency, environmental effectiveness and political credibility. Our conclusion suggests that the Copenhagen Accord succeeded in considering some of the climate policy principles, namely credibility, equity and fairness. First, the change in political leadership indicates a more...
Tipo: Working or Discussion Paper Palavras-chave: International Climate Policy Architecture; Integrated Assessment Model; Post-Kyoto; Environmental Economics and Policy; Q54; Q56; Q43.
Ano: 2010 URL: http://purl.umn.edu/59478
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Simulating a Sequential Coalition Formation Process for the Climate Change Problem: First Come, but Second Served? AgEcon
Finus, Michael; Rundshagen, Bianca; Eyckmans, Johan.
We analyze stability of self-enforcing climate agreements based on a data set generated by the CLIMNEG world simulation model (CWSM), version 1.2. We consider two new aspects which appear important in actual treaty-making. First, we consider a sequential coalition formation process where players can make proposals which are either accepted or countered by other proposals. Second, we analyze whether a moderator, like an international organization, even without enforcement power, can improve upon globally suboptimal outcomes through coordinating actions by making recommendations that must be Pareto-improving to all parties. We discuss the conceptual difficulties of implementing our algorithm.
Tipo: Working or Discussion Paper Palavras-chave: International Climate Agreements; Sequential Coalition Formation; Coordination through Moderator; Integrated Assessment Model; Algorithm for Computations; Environmental Economics and Policy; C79; H87; Q54.
Ano: 2009 URL: http://purl.umn.edu/55830
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Climate Policy and the Optimal Balance between Mitigation, Adaptation and Unavoided Damage AgEcon
Bosello, Francesco; Carraro, Carlo; De Cian, Enrica.
It has become commonly accepted that a successful climate strategy should compound mitigation and adaptation. The accurate combination between adaptation and mitigation that can best address climate change is still an open question. This paper proposes a framework that integrates mitigation, adaptation, and climate change residual damages into an optimisation model. This set-up is used to provide some insights on the welfare maximising resource allocation between mitigation and adaptation, on their optimal timing, and on their marginal contribution to reducing vulnerability to climate change. The optimal mix between three different adaptation modes (reactive adaptation, anticipatory adaptation, and investment in innovation for adaptation purposes) within...
Tipo: Working or Discussion Paper Palavras-chave: Climate Change Impacts; Mitigation; Adaptation; Integrated Assessment Model; Environmental Economics and Policy; Q54; Q56; Q43.
Ano: 2010 URL: http://purl.umn.edu/60681
Registros recuperados: 5
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