Adaptation, Mitigation and Innovation: A Comprehensive Approach to Climate Policy

87 Pages Posted: 28 Nov 2009

See all articles by Shardul Agrawala

Shardul Agrawala

Organization for Economic Co-Operation and Development (OECD)

Francesco Bosello

University of Milan - Department of Economics, Business and Statistics; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM); Ca' Foscari University of Venice; CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Centre for European Policy Studies, Brussels; Green Growth Knowledge Platform; International Center for Climate Governance

Enrica De Cian

Fondazione Eni Enrico Mattei (FEEM); CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Date Written: November 23, 2009

Abstract

The ultimate question that most interests policy makers is how to reduce the climate change vulnerability of socio-economic systems in the most cost-effective manner. Extended literature has investigated the different dimensions of mitigation strategies, whereas much less can be found on adaptation. Even less can be found on the interactions between adaptation and mitigation. The increasing emphasis on adaptation raises a set of still unanswered questions concerning the design of an optimal mix of mitigation and adaptation measures.

This paper presents an Integrated Assessment Model (IAM) that explicitly models the connections between mitigation, climate change impacts and adaptation. Compared to the few existing studies in the field, our framework provides a more detailed characterisation of adaptation processes. Adaptation activities have been distinguished from adaptive capacity building. We also provide an updated quantitative support for the calibration of adaptation costs and benefits. Using this framework, we explore issues such as the optimal timing of mitigation and adaptation, the trade-off between mitigation and adaptation, and the regional distribution of investments and residual damage.

Keywords: Climate change impacts, mitigation, adaptation, integrated assessment model

JEL Classification: Q54, Q56, Q43

Suggested Citation

Agrawala, Shardul and Bosello, Francesco and Carraro, Carlo and De Cian, Enrica, Adaptation, Mitigation and Innovation: A Comprehensive Approach to Climate Policy (November 23, 2009). University Ca' Foscari of Venice, Dept. of Economics Research Paper Series No. 25_09. Available at SSRN: https://ssrn.com/abstract=1511501 or http://dx.doi.org/10.2139/ssrn.1511501

Shardul Agrawala

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Francesco Bosello

University of Milan - Department of Economics, Business and Statistics

Via Festa del Perdono, 7
Milan, 20122
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Carlo Carraro (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

Isola di San Giorgio Maggiore 8
Venezia, 30124
Italy
+39 04 12700460 (Phone)
+39 04 12700412 (Fax)

Ca' Foscari University of Venice ( email )

Cannaregio 873
Venice, 30121
Italy
+39 04 1234 9166 (Phone)
+39 04 1234 9176 (Fax)

HOME PAGE: http://www.carlocarraro.org/

CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division) ( email )

Via Augusto Imperatore 16
Lecce, 73100
Italy
+39 0832 288650 (Phone)
+39 0832 277603 (Fax)

IPCC ( email )

C/O World Meteorological Organization
7bis Avenue de la Paix
Geneva, CH-1211
Switzerland
+41-22-730-8208/54/84 (Phone)
+41-22-730-8025/13 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Centre for European Policy Studies, Brussels

1 Place du Congres
B-1000 Brussels, 1000
Belgium
+32 2 229 3911 (Phone)
+32 2 219 4151 (Fax)

Green Growth Knowledge Platform ( email )

International Environment House
11-13 chemin des Anemones
Geneva, 1219
Switzerland

HOME PAGE: http://www.greengrowthknowledge.org/

International Center for Climate Governance ( email )

Island of San Giorgio Maggiore 8
Venice, I-30124
Italy

HOME PAGE: http://www.iccgov.org/

Enrica De Cian

Fondazione Eni Enrico Mattei (FEEM) ( email )

Campo S. M. Formosa, Castello 5252
Venice, 30122
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

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