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 welfare. In our analysis we distinguish between cooperative and …

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 …

Commission adopted a new Strategy on Adaptation to Climate Change aiming to reinforce the adaptive capacity and minimize … with respect to both the intertemporal consumption and the mix between an insurance (adaptation) against the magnitude of … the catastrophic losses, and an effort strategy (mitigation) aimed at reducing the frequency of such losses. The …