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dc.contributor.authorAuerswald, Heikeen
dc.contributor.authorKonrad, Kai A.en
dc.contributor.authorThum, Marcelen
dc.date.accessioned2011-05-18-
dc.date.accessioned2011-06-29T11:19:54Z-
dc.date.available2011-06-29T11:19:54Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3320en
dc.subject.jelQ54en
dc.subject.jelQ58en
dc.subject.ddc330en
dc.subject.keywordclimate changeen
dc.subject.keywordadaptationen
dc.subject.keywordmitigationen
dc.subject.keywordrisk-takingen
dc.subject.stwKlimaveränderungen
dc.subject.stwUmweltpolitiken
dc.subject.stwImmissionsschutzen
dc.subject.stwPolitische Entscheidungen
dc.titleAdaptation, mitigation and risk-taking in climate policy-
dc.typeWorking Paperen
dc.identifier.ppn659071193en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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