widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation … at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast …

each model. The framework is used to analyze the adaptation vs. mitigation dilemma and provides a simple criterion to … determine whether adaptation activities should be undertaken promptly, delayed to some future date, or avoided altogether. …

aims at raising mitigation while also reducing the damages from climate change: conditional adaptation support. Especially … alternative conditional transfer schemes: one plainly subsidizes mitigation efforts, while the other provides adaptation support …In order to overcome the underprovision of global public goods various different policy approaches have been proposed …

Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed … adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of … adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates …

Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological … adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated … environment. The present paper addresses these issues in a simple model of tax policy to combat climate change and elaborates on …

. We find that the role of the state in adaptation policy is limited. We identify information policy, the provision of a …This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and … categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of …

-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a …

Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region’s resilience … that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in … their resilience to shocks but it typically remains unclear as to why regions differ in this respect. For the 2008- 2012 …