global mitigation within a noncooperative framework where countries either decide on mitigation before or after adaptation … lower national contributions to the global public good of mitigation. We find that the sequencing of adaptation before … when adaptation is decided before mitigation. Besides this theoretical contribution, the paper proposes some strategies to …

light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … problems. In an attempt to advance in the modelling of adaptation within IAM models, we apply this methodology to shed some …

premium into the model, results show a substantial increase in both mitigation and adaptation, reflecting a more conservative … attitude by the social planner. Interestingly, adaptation is stimulated more than mitigation in the first half of the century …, while the situation reverses afterwards. Over the century, the risk premium correction fosters more mitigation, which …