Arbeitspapier
Optimal adaptation and mitigation to climate change in small environmental economies
This paper compares the optimal dynamic choices between policies of mitigation and adaptation for three economies: Brazil, Chile and the United States. The focus is on the optimal role of mitigation and adaptation for 'environmentally small economies,' i.e., economies that are witnessing an exogenous increase in emissions to which they are contributing very little. The simulations lead to three main conclusions. First, small economies should concentrate their environmental efforts, if any, on adaptation. This is not a recommendation that such economies indulge in free-riding. Instead, it is based on considerations of cost effectiveness, ceteris paribus. Second, small economies that are unable to spend enough on adaptation may end up spending less on mitigation owing to their impoverishment as a result of negative climate shocks. Third, higher mitigation expenditures may arise not only as a result of greater optimal adaptation expenditures, but also because of increased adaptation to the incentives for mitigation provided by richer countries.
- Language
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Englisch
- Bibliographic citation
-
Series: IDB Working Paper Series ; No. IDB-WP-417
- Classification
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Wirtschaft
Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Climate; Natural Disasters and Their Management; Global Warming
- Subject
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Optimal mitigation and adaptation policies
Environmentally small economies
- Event
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Geistige Schöpfung
- (who)
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Chisari, Omar
Galiani, Sebastián
Miller, Sebastián
- Event
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Veröffentlichung
- (who)
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Inter-American Development Bank (IDB)
- (where)
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Washington, DC
- (when)
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2013
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Chisari, Omar
- Galiani, Sebastián
- Miller, Sebastián
- Inter-American Development Bank (IDB)
Time of origin
- 2013
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