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dc.contributor.authorBosello, Francescoen_US
dc.date.accessioned2010-11-22en_US
dc.date.accessioned2010-12-22T10:42:45Z-
dc.date.available2010-12-22T10:42:45Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43481-
dc.description.abstractThis 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 the possibility to adapt reduces the need to mitigate and partly crowds out other forms of investment like those in R&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.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,22en_US
dc.subject.jelQ25en_US
dc.subject.jelQ28en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate Change Impactsen_US
dc.subject.keywordMitigationen_US
dc.subject.keywordAdaptationen_US
dc.subject.keywordIntegrated Assessmenten_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwUmweltpolitiken_US
dc.titleAdaptation, mitigation and 'green' R&D to combat global climate change: Insights from an empirical integrated assessment exerciseen_US
dc.typeWorking Paperen_US
dc.identifier.ppn640279708en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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