EconStor >
Fondazione Eni Enrico Mattei (FEEM), Mailand >
FEEM Working Papers, Fondazione Eni Enrico Mattei  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/53337
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorde Bruin, Kelly C.en_US
dc.contributor.authorDellink, Rob B.en_US
dc.date.accessioned2011-12-15T11:33:26Z-
dc.date.available2011-12-15T11:33:26Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53337-
dc.description.abstractThe dominant assumption in economic models of climate policy remains that adaptation will be implemented in an optimal manner. There are, however, several reasons why optimal levels of adaptation may not be attainable. This paper investigates the effects of suboptimal levels of adaptation, i.e. adaptation restrictions, on the composition and level of climate change costs and on welfare. Several adaptation restrictions are identified and then simulated in a revised DICE model, extended with adaptation (AD-DICE). We find that especially substantial over-investment in adaptation can be very harmful due to sharply increasing marginal adaptation costs. Furthermore the potential of mitigation to offset suboptimal adaptation is investigated. When adaptation is not possible at extreme levels of climate change, it is cost-effective to use more stringent mitigation policies in order to keep climate change limited, thereby making adaptation possible. Furthermore not adjusting the optimal level of mitigation to these adaptation restrictions may double the costs of adaptation restrictions, and thus in general it is very harmful to ignore existing restrictions on adaptation when devising (efficient) climate policies.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 58.2009en_US
dc.subject.jelQ25en_US
dc.subject.jelQ28en_US
dc.subject.ddc330en_US
dc.subject.keywordIntegrated Assessment Modellingen_US
dc.subject.keywordAdaptationen_US
dc.subject.keywordClimate Changeen_US
dc.titleHow harmful are adaptation restrictionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn645187607en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

Files in This Item:
File Description SizeFormat
645187607.pdf298.06 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.