Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016
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 …