macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows … that can invest in adaptation at an additional cost, it adds several features that are key to the analysis, both in the … public finances. It also shows that adaptation investment has large returns in terms of private investment, employment …

mitigation policy. We extend such a model to include optimalpolicies for mitigation, adaptation and infrastructure investment … public capital goingto mitigation in the initial periods. When initial levels of CO2 are high, adaptation efforts alsostart …

for studying mitigation and adaptation policies …