The main pillars of climate policy are adaptation to and mitigation of climate change. The primary objective of adaptation policies - in turn - is to make adjustments in ecological, social, or economic systems that prevent adverse impacts (like losses in agricultural yields) of climate change or...

The benefits of climate policy normally consist exclusively of the reduced impacts of climate change, i.e., the policy’s primary aim. Our analysis of benefits of climate policy suggests, however, that researchers and policymakers should also take account of ancillary benefits, e.g., in the...