International Environmental Agreements in the Presence of Adaptation
AbstractWe show that adaptive measures undertaken by countries in the face of climate change, apart from directly reducing the damage caused by climate change, may also indirectly mitigate greenhouse gas emissions by increasing the stable size of international agreements on emission reductions. Moreover, we show that the more e¤ective the adaptive measure in terms of reducing the marginal damage from emissions, the larger the stable size of the international environmental agreement. In addition, we show that larger coalitions, in the presence of adaptation, may lead to lower global emission levels and higher welfare.
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Bibliographic InfoPaper provided by Tilburg University, Tilburg Law and Economic Center in its series Discussion Paper with number 2011-012.
Date of creation: 2011
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Web page: http://www.tilburguniversity.nl/tilec/
international environmental agreements; adaptation; coalition formation; climate change;
Other versions of this item:
- Walid Marrouch & Amrita Ray Chaudhuri, 2011. "International Environmental Agreements in the Presence of Adaptation," Working Papers 2011.35, Fondazione Eni Enrico Mattei.
- Marrouch, W. & Ray Chaudhuri, A., 2011. "International Environmental Agreements in the Presence of Adaptation," Discussion Paper 2011-023, Tilburg University, Center for Economic Research.
- Walid Marrouch & Amrita Ray Chaudhuri, 2011. "International Environmental Agreements in the Presence of Adaptation," CIRANO Working Papers 2011s-32, CIRANO.
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
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