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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30439
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| Title: | | Mitigation, adaptation, suffering : in search of the right mix in the face of climate change  |
| Authors: | | Tulkens, Henry van Steenberghe, Vincent |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2781 |
| Abstract: | | The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the optimal (cost minimizing) balance between the three categories, in statics as well as in dynamics. Implications are derived for cost benefit analysis of adaptation expenditures. |
| JEL: | | Q54 Q58 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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