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 … amount of adaptation funding and the best ways to raise, manage and disburse these funds, hardly any attention is paid to the … alternative conditional transfer schemes: one plainly subsidizes mitigation efforts, while the other provides adaptation support …

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 …

) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are …

Adaptation is omnipresent but people systematically fail to correctly anticipate the degree to which they adapt. This …

adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated … the consequences for optimal climate policies and argues from a normative point of view that psychological adaptation …

important determinant of optimal mitigation policies in the integrated assessment of climate change. The paper examines two …