Bosello, Francesco; De Cian, Enrica; Ferranna, Licia - Economics Department, European Investment Bank (EIB) - 2012
responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …This paper contributes to the normative literature on mitigation and adaptation by analyzing their optimal policy … substantive emission reductions, do not succeed. The policy balance is realigned from adaptation toward more mitigation, and the …