September 25, 2011

Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy

by Francesco Bosello, Carlo Carraro and Enrica De Cian

- The latest round of international negotiations in Copenhagen led to a set of commitments on emission reductions which are unlikely to stabilise global warming below or around 2°C. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address climate-related damages. What is the role of adaptation in this setting? How is it optimally allocated across regions and time? To address these questions, this paper analyses the optimal mix of adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long-term stabilisation target (550 CO2-eq).

Bosello, F., C. Carraro and E. De Cian (2011). "Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy." FEEM Note di lavoro No. 69.2011, Sept 2011.