This paper studies the influence of productivity, pollution sensitivity, and adaptive capacity on optimal mitigation and adaptation in a two country global pollution model. We investigate the effects of changes of these parameters on the allocation of emissions, adaptation expenditures, and...

Historical context -- Introduction -- The political economy of the paris agreement, technological progress and the decarbonization-development dilemma -- Analytic framework -- The technological revolutions of industrial capitalism -- The innovation system of progressive capitalism --...