Auerswald, Heike; Konrad, Kai A.; Thum, Marcel - CESifo - 2011
policies. Furthermore we also consider the interaction of the two strategies. Mitigation efforts of a single country trigger … widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast …