This paper analyzes the optimal mix of adaptation and mitigation expenditures in a cost-effective setting, in which countries cooperate to achieve a long-term stabilization target (550 CO₂-eq). It uses an Integrated Assessment Model (AD-WITCH) that describes the relationships between different...

The latest round of international negotiations in Copenhagen led to a set of commitments on emission reduction which are unlikely to stabilise global warming below or around 2°C. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address...

This paper provides a summary and a critical survey of the methodologies and results of the literature on the economics of adaptation. We divide the literature into two broad areas of research. First, we examine the studies that analyse adaptation from a bottom-up perspective. Second, we...

This report examines adaptation and mitigation within an integrated framework. Global and regional costs of adaptation are assessed dynamically and the resulting benefits are quantified. This is accomplished by developing a framework to incorporate adaptation as a policy variable within three...

Financing for adaptation is a core element in the ongoing international negotiations on climate change. This has motivated a number of recent global estimates of adaptation costs. While important from an agenda setting perspective, many of these estimates nevertheless have a number of...

It has become commonly accepted that a successful climate strategy should compound mitigation and adaptation. The accurate combination between adaptation and mitigation that can best address climate change is still an open question. This paper proposes a framework that integrates mitigation,...

The climate change impacts on sea level rise and coastal disasters, and the possible adaptation responses have been studied using very different approaches, such as very detailed site-specific engineering studies and global macroeconomic assessments of costal zone vulnerability. This paper...

This paper contributes to the normative literature on mitigation and adaptation by analyzing their optimal policy balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the endogenous link between the probability of experiencing...

In this survey we review the literature that studies the relationship between environmental policy and technical change. We divide the literature in two broad areas of research. First, we look at the studies that evaluate the impact of environmental regulation on technological change after the...