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Author: Franck Lecocq Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
Although climate policies have been so far mostly focused on mitigation, adaptation to climate change is a growing concern in developed and developing countries. This paper discusses how adaptation fits into the global climate strategy, at the global and national levels. To do so, a partial equilibrium optimization model of climate policies - which includes mitigation, proactive adaptation (ex ante), and reactive adaptation (ex post) - is solved without and with uncertainty. Mitigation, proactive adaptation, and reactive adaptation are found to be generally jointly determined. Uncertainty on the location of damages reduces the benefits of targeted proactive adaptation with regard to mitigation and reactive adaptation. However, no single country controls global mitigation policies, and budget constraints might make it difficult for developing countries to finance reactive adaptation, especially if climate shocks affect the fiscal base. Rainy-day funds are identified as a supplemental instrument that can alleviate future budget constraints while avoiding the risk of misallocating resources when the location of damages is uncertain.
Author: Franck Lecocq Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
Although climate policies have been so far mostly focused on mitigation, adaptation to climate change is a growing concern in developed and developing countries. This paper discusses how adaptation fits into the global climate strategy, at the global and national levels. To do so, a partial equilibrium optimization model of climate policies - which includes mitigation, proactive adaptation (ex ante), and reactive adaptation (ex post) - is solved without and with uncertainty. Mitigation, proactive adaptation, and reactive adaptation are found to be generally jointly determined. Uncertainty on the location of damages reduces the benefits of targeted proactive adaptation with regard to mitigation and reactive adaptation. However, no single country controls global mitigation policies, and budget constraints might make it difficult for developing countries to finance reactive adaptation, especially if climate shocks affect the fiscal base. Rainy-day funds are identified as a supplemental instrument that can alleviate future budget constraints while avoiding the risk of misallocating resources when the location of damages is uncertain.
Author: Zmarak Shalizi Publisher: World Bank Publications ISBN: Category : Agriculture Languages : en Pages : 48
Book Description
Abstract: Although climate policies have been so far mostly focused on mitigation, adaptation to climate change is a growing concern in developed and developing countries. This paper discusses how adaptation fits into the global climate strategy, at the global and national levels. To do so, a partial equilibrium optimization model of climate policies-which includes mitigation, proactive adaptation (ex ante), and reactive adaptation (ex post)-is solved without and with uncertainty. Mitigation, proactive adaptation, and reactive adaptation are found to be generally jointly determined. Uncertainty on the location of damages reduces the benefits of "targeted" proactive adaptation with regard to mitigation and reactive adaptation. However, no single country controls global mitigation policies, and budget constraints might make it difficult for developing countries to finance reactive adaptation, especially if climate shocks affect the fiscal base. Rainy-day funds are identified as a supplemental instrument that can alleviate future budget constraints while avoiding the risk of misallocating resources when the location of damages is uncertain.
Author: Francesco Bosello Publisher: ISBN: Category : Languages : en Pages : 29
Book Description
It has become commonly accepted that a successful climate strategy should compound mitigation and adaptation. The accurate combination between adaptation and mitigation that can best address climate change is still an open question. This paper proposes a framework that integrates mitigation, adaptation, and climate change residual damages into an optimisation model. This set-up is used to provide some insights on the welfare maximising resource allocation between mitigation and adaptation, on their optimal timing, and on their marginal contribution to reducing vulnerability to climate change. The optimal mix between three different adaptation modes (reactive adaptation, anticipatory adaptation, and investment in innovation for adaptation purposes) within the adaptation bundle is also identified. Results suggest that the joint implementation of mitigation and adaptation is welfare improving. Mitigation should start immediately, whereas adaptation somehow later. It is also shown that in a world where the probability of climate-related catastrophic events is small and where decision makers have a high discount rate, adaptation is unambiguously the preferred option. Adaptation needs, both in developed and developing countries, will be massive, especially during the second half of the century. Most of the adaptation burden will be on developing countries. International cooperation is thus required to equally distribute the cost of adaptation.
Author: Anthony Bonen Publisher: International Monetary Fund ISBN: 1475523696 Category : Business & Economics Languages : en Pages : 46
Book Description
We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation.
Author: Francesco Bosello Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
It has become commonly accepted that a successful climate strategy should compound mitigation and adaptation. The accurate combination between adaptation and mitigation that can best address climate change is still an open question. This paper proposes a framework that integrates mitigation, adaptation, and climate change residual damages into an optimisation model. This set-up is used to provide some insights on the welfare maximising resource allocation between mitigation and adaptation, on their optimal timing, and on their marginal contribution to reducing vulnerability to climate change. The optimal mix between three different adaptation modes (reactive adaptation, anticipatory adaptation, and investment in innovation for adaptation purposes) within the adaptation bundle is also identified. Results suggest that the joint implementation of mitigation and adaptation is welfare improving. Mitigation should start immediately, whereas adaptation somehow later. It is also shown that in a world where the probability of climate-related catastrophic events is small and where decision makers have a high discount rate, adaptation is unambiguously the preferred option. Adaptation needs, both in developed and developing countries, will be massive, especially during the second half of the century. Most of the adaptation burden will be on developing countries. International cooperation is thus required to equally distribute the cost of adaptation.
Author: Mitsutsune Yamaguchi Publisher: Springer Science & Business Media ISBN: 1447142284 Category : Business & Economics Languages : en Pages : 276
Book Description
Climate change is mainly caused by emissions of CO2 from burning fossil fuels, which provides over 85% of the world’s energy. Strategies for mitigating climate change are connected with handling economic and social activities through their effects on the use of energy. Climate Change Mitigation investigates the costs of mitigation measures in comparison to their benefits, and compares the effects of implementing mitigation measures on various areas such as energy security and energy economy. “For 20 years, diplomats have struggled to make progress on climate change, mostly because global diplomacy is not well-linked to the realities of how nations and firms control emissions and adapt to the impacts of a changing climate. In this excellent book, Dr Yamaguchi has assembled experts to guide the redesign of global policy. The authors underscore how global warming efforts must resonate with other policy goals.” David G. Victor, Director, Laboratory on International Law and Regulation and Professor, University of California San Diego “Climate Change Mitigation clarifies that climate change cannot be controlled by sacrificing economic growth or other global problems; however, action to control climate change cannot be delayed.Climate policy is pervasive and affects all dimensions of international policy;but it cannot be too ambitious: a balanced approach between mitigation and adaptation, economic growth and resource management, and short term development and long term investments, should be adopted. I recommend its reading.” Carlo Carraro,President, Ca’ Foscari University of Venice “The International Energy Agency estimates for every $1 of investment now toward sustainable energy, $4 of future spending can be saved. There is a business case for companies to reduce energy use. Companies in the energy and resource intensive industries must lead the way.” Chad Holliday, Chairman. World Business Council for Sustainable Development and former Chair and CEO, DuPont
Author: the Congressional Budget Office Publisher: Good Press ISBN: Category : Nature Languages : en Pages : 124
Book Description
Addressing one of the most pressing issues of our time, "The Economics of Climate Change: a Primer" offers a detailed analysis of the economic implications of climate change. Published by The Congressional Budget Office, this book delves into the scientific, economic, and societal aspects of climate change, providing readers with a holistic understanding of its impact and the measures needed to address it.
Author: Adrian Fozzard Publisher: World Bank Publications ISBN: Category : Languages : en Pages : 257
Book Description
This Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) seeks to provide practitioners with the tools and information needed to respond to the public expenditure policy and management challenges arising from climate change. It is a series of notes and supporting materials written as a first step towards consolidating current research and international experience, identifying emerging practice and providing practical and applicable guidance for staff of central finance agencies, development agencies, environmental agencies and other international organizations working on climate change issues. In addition to emphasizing the importance of strengthening national systems throughout, the Sourcebook focuses on the specific public expenditure policy and management challenges posed by climate change, such as decision-making in the face of uncertain future climate conditions, expenditure planning for extreme weather and climate events, the lack of agreed budget definition and classification of climate change activities.
Author: Henry Tulkens Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the optimal (cost minimizing) balance between the three categories, in statics as well as in dynamics. Implications are derived for cost benefit analysis of adaptation expenditures.
Author: Franck Lecocq
Author: Franck Lecocq
Author: Zmarak Shalizi
Author: Francesco Bosello
Author: Anthony Bonen
Author: Francesco Bosello
Author: Mitsutsune Yamaguchi
Author: the Congressional Budget Office
Author: Adrian Fozzard
Author: Martin L. Parry
Author: Henry Tulkens