This paper contributes to the normative literature on mitigation and adaptation by framing the question of their … absence of a coordinated global agreement on climate change and to realign the policy balance from adaptation toward more … mitigation. Our analysis also shows that adaptation transfers from and strategic unilateral commitments to adaptation in …

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 … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …