“Mitigation, Adaptation, Suffering”: In Search of the Right Mix in the Face of Climate Change
AbstractThe usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the optimal (cost minimizing) balance between the three categories, in statics as well as in dynamics. Implications are derived for cost benefit analysis of adaptation expenditures.
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2009.79.
Date of creation: Sep 2009
Date of revision:
Climate Change; Mitigation; Adaptation; Suffering;
Other versions of this item:
- Henry Tulkens & Vincent van Steenberghe, 2009. ""Mitigation, Adaptation, Suffering": In Search of the Right Mix in the Face of Climate Change," CESifo Working Paper Series 2781, CESifo Group Munich.
- TULKENS, Henri & VAN STEENBERGHE, Vincent, 2009. "“Mitigation, adaptation, suffering” : In search of the right mix in the face of climate change," CORE Discussion Papers 2009054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- H0 - Public Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-03 (All new papers)
- NEP-ENE-2009-10-03 (Energy Economics)
- NEP-ENV-2009-10-03 (Environmental Economics)
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- Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2013. "Equity, Development Aid and Climate Finance," Grantham Research Institute on Climate Change and the Environment Working Papers 123, Grantham Research Institute on Climate Change and the Environment.
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