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dc.contributor.authorBosello, Francescoen_US
dc.contributor.authorCarraro, Carloen_US
dc.contributor.authorDe Cian, Enricaen_US
dc.description.abstractThe latest round of international negotiations in Copenhagen led to a set of commitments on emission reductions which are unlikely to stabilise global warming below or around 2êC. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address climate-related damages. What is the role of adaptation in this setting? How is it optimally allocated across regions and time? To address these questions, this paper analyses the optimal mix of adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long-term stabilisation target (550 CO2-eq). It uses an Integrated Assessment Model (AD-WITCH) that describes the relationships between different adaptation modes (reactive and anticipatory), mitigation, and capacity-building to analyse the optimal portfolio of adaptation measures. Results show the optimal intertemporal distribution of climate policy measures is characterised by early investments in mitigation followed by large adaptation expenditures a few decades later. Hence, the possibility to adapt does not justify postponing mitigation, although it reduces its costs. Mitigation and adaptation are thus shown to be complements rather than substitutes.en_US
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen_US
dc.relation.ispartofseries|aNota di lavoro // Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development |x69.2011en_US
dc.subject.keywordClimate Change Impactsen_US
dc.subject.keywordIntegrated Assessment Modelen_US
dc.titleAdaptation can help mitigation: An integrated approach to post-2012 climate policyen_US
dc.typeWorking Paperen_US

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