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The double trade-off between adaptation and mitigation for sea level rise: an application of FUND

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  • Richard Tol

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Abstract

The effects of adaptation and mitigation on the impacts of sea level rise are studied. Without either, the impacts of sea level rise would be substantial, almost wiping out entire nations before 2100; the global effect is much smaller. Adaptation would reduce impacts by a factor 10 to 100. As adaptation depends on socio-economic status, the rank order of most vulnerable countries is not the same as the rank order of most exposed countries. Adaptation would come at a minor cost compared to the damage avoided. Because the momentum of sea level rise is so large, mitigation can reduce impacts only to a limited extent. Stabilising carbon dioxide concentrations at 550 ppm would cut impacts up to 2100 by about 10%. However, if the costs of emission reduction are also factored in, then avoided impacts are less by up to 25% (average 10%). This is partly due to the reduced availability of resources for adaptation, and partly due to the increased sensitivity to wetland loss by adaptation.

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File URL: http://hdl.handle.net/10.1007/s11027-007-9097-2
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Bibliographic Info

Article provided by Springer in its journal Mitigation and Adaptation Strategies for Global Change.

Volume (Year): 12 (2007)
Issue (Month): 5 (June)
Pages: 741-753

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Handle: RePEc:spr:masfgc:v:12:y:2007:i:5:p:741-753

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Web page: http://www.springer.com/economics/journal/11027

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Keywords: Adaptation; Mitigation; Sea level rise;

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  1. Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 21(1), pages 47-73, January.
  2. Richard S.J. Tol, 2002. "Emission Abatement Versus Development As Strategies To Reduce Vulnerability To Climate Change: An Application Of Fund," Working Papers FNU-12, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2002.
  3. Barbier, Edward B. & Pearce, David W., 1990. "Thinking economically about climate change," Energy Policy, Elsevier, vol. 18(1), pages 11-18.
  4. Schelling, Thomas C, 1995. "Intergenerational discounting," Energy Policy, Elsevier, vol. 23(4-5), pages 395-401.
  5. Weyant, John P., 2004. "Introduction and overview," Energy Economics, Elsevier, vol. 26(4), pages 501-515, July.
  6. Fankhauser, Samuel & Smith, Joel B. & Tol, Richard S. J., 1999. "Weathering climate change: some simple rules to guide adaptation decisions," Ecological Economics, Elsevier, vol. 30(1), pages 67-78, July.
  7. Manishi Prasad & Peter Wahlqvist & Rich Shikiar & Ya-Chen Tina Shih, 2004. "A," PharmacoEconomics, Springer Healthcare | Adis, vol. 22(4), pages 225-244.
  8. P. Michael Link & Richard S.J. Tol, 2004. "Possible Economic Impacts of a Shutdown of the Thermohaline Circulation: an Application of FUND," Working Papers FNU-42, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2004.
  9. Manne, Alan & Mendelsohn, Robert & Richels, Richard, 1995. "MERGE : A model for evaluating regional and global effects of GHG reduction policies," Energy Policy, Elsevier, vol. 23(1), pages 17-34, January.
  10. Tol, Richard S. J., 1996. "The damage costs of climate change towards a dynamic representation," Ecological Economics, Elsevier, vol. 19(1), pages 67-90, October.
  11. Yohe Gary & Neumann James & Ameden Holly, 1995. "Assessing the Economic Cost of Greenhouse-Induced Sea Level Rise: Methods and Application in Support of a National Survey," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages S78-S97, November.
  12. Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change, Part II. Dynamic Estimates," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 21(2), pages 135-160, February.
  13. Schelling, Thomas C, 1992. "Some Economics of Global Warming," American Economic Review, American Economic Association, vol. 82(1), pages 1-14, March.
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Cited by:
  1. David Anthoff & Robert J. Nicholls & Edgar L.W. Morgenroth & Richard S.J. Tol, . "The Economic Impact of Substantial Sea-Level Rise," Working Papers FNU-175, Research unit Sustainability and Global Change, Hamburg University.
  2. Roberto Roson & Francesco Bosello & Andrea Bigano & Richard S.J. Tol, 2008. "Economy-Wide Impacts of Climate Change: A Joint Analysis for Sea Level Rise and Tourism," Working Papers 2008_06, Department of Economics, University of Venice "Ca' Foscari".
  3. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Ökonomische Grundfragen der Klimaanpassung: Umrisse eines neuen Forschungsprogramms," UFZ Reports 02/2012, Helmholtz Centre for Environmental Research (UFZ).
  4. Tol, Richard S. J., 2008. "The Economic Impact of Climate Change," Papers WP255, Economic and Social Research Institute (ESRI).
  5. Robert J. Nicholls & Richard S.J. Tol & Athanasios T. Vafeidis, 2005. "Global Estimates Of The Impact Of A Collapse Of The West Antarctic Ice Sheet: An Application Of Fund," Working Papers FNU-78, Research unit Sustainability and Global Change, Hamburg University, revised Jul 2005.
  6. Jochen Hinkel & Detlef Vuuren & Robert Nicholls & Richard Klein, 2013. "The effects of adaptation and mitigation on coastal flood impacts during the 21st century. An application of the DIVA and IMAGE models," Climatic Change, Springer, vol. 117(4), pages 783-794, April.
  7. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Fundamental questions on the economics of climate adaptation: Outlines of a new research programme," UFZ Reports 05/2012, Helmholtz Centre for Environmental Research (UFZ).
  8. Safarzyńska, Karolina & Brouwer, Roy & Hofkes, Marjan, 2013. "Evolutionary modelling of the macro-economic impacts of catastrophic flood events," Ecological Economics, Elsevier, vol. 88(C), pages 108-118.
  9. Strand, Jon, 2014. "Implications of a lowered damage trajectory for mitigation in a continuous-time stochastic model," Energy Economics, Elsevier, vol. 42(C), pages 43-49.

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