Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46481
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dc.contributor.authorAuerswald, Heikeen_US
dc.contributor.authorKonrad, Kai A.en_US
dc.contributor.authorThum, Marcelen_US
dc.date.accessioned2011-05-18en_US
dc.date.accessioned2011-06-29T11:19:54Z-
dc.date.available2011-06-29T11:19:54Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46481-
dc.description.abstractThe future consequences of climate change are highly uncertain. Today, the exact size of possible future damages are widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation policies. Furthermore we also consider the interaction of the two strategies. Mitigation efforts of a single country trigger crowding out as other countries will reduce their mitigation efforts. We show that, under fairly mild conditions, a unilateral increase in mitigation efforts of a single country can even increase global emissions. In contrast, a unilateral commitment to large adaptation efforts benefits the single country and may reduce the global risk from climate change at the expense of other countries.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper: Energy and Climate Economics |x3320en_US
dc.subject.jelQ54en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordclimate changeen_US
dc.subject.keywordadaptationen_US
dc.subject.keywordmitigationen_US
dc.subject.keywordrisk-takingen_US
dc.subject.stwKlimaveränderungen_US
dc.subject.stwUmweltpolitiken_US
dc.subject.stwImmissionsschutzen_US
dc.subject.stwPolitische Entscheidungen_US
dc.titleAdaptation, mitigation and risk-taking in climate policyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn659071193en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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