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“Mitigation, Adaptation, Suffering”: In Search of the Right Mix in the Face of Climate Change

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Author Info

  • Henry Tulkens

    (CORE, Université catholique de Louvain)

  • Vincent van Steenberghe

    (Belgian Federal Ministry for the Environment)

Abstract

The 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 Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2009.79.

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Date of creation: Sep 2009
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Handle: RePEc:fem:femwpa:2009.79

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Keywords: Climate Change; Mitigation; Adaptation; Suffering;

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Cited by:
  1. repec:old:wpaper:332 is not listed on IDEAS
  2. Udo Ebert & Heinz Welsch, 2012. "Adaptation and Mitigation in Global Pollution Problems: Economic Impacts of Productivity, Sensitivity, and Adaptive Capacity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 52(1), pages 49-64, May.
  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. Udo Ebert & Heinz Welsch, 2011. "Optimal response functions in global pollution problems can be upward-sloping: accounting for adaptation," Environmental Economics and Policy Studies, Society for Environmental Economics and Policy Studies - SEEPS, vol. 13(2), pages 129-138, June.
  5. repec:old:wpaper:344 is not listed on IDEAS
  6. Benchekroun, H. & Marrouch, W. & Ray Chaudhuri, A., 2011. "Adaptation Effectiveness and Free-Riding Incentives in International Environmental Agreements," Discussion Paper 2011-120, Tilburg University, Center for Economic Research.

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