We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer … response to specific proposals. If it has to deduce the vulnerability of regions by their actions, the resulting adaptation …

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 …

In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts …. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more … distortionary the tax system is. In an OLG model with majority voting, we analyze how the choices of mitigation and adaptation are …