Policy tradeoffs under risk of abrupt climate change

Yacov Tsur, Amos Zemel

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

By now it is widely recognized that the more serious threats of climate change are associated with abrupt events capable of inflicting losses on a catastrophic scale. Consequently, the main role of climate policies is to balance between mitigation efforts, aimed at delaying (or even preventing) the occurrence of such events, and adaptation actions, aimed at minimizing the damage inflicted upon occurrence. The former affects the accumulation of greenhouse gases in the atmosphere; the latter determines the impact of loss once the event occurs. This work examines the tradeoffs associated with these two types of policy measures by characterizing the optimal mitigation–adaptation mix in the long run.

Original languageEnglish
Pages (from-to)46-55
Number of pages10
JournalJournal of Economic Behavior and Organization
Volume132
DOIs
StatePublished - 1 Dec 2016

Keywords

  • Adaptation
  • Catastrophic events
  • Climate policy
  • Mitigation
  • Multi state
  • Steady state

ASJC Scopus subject areas

  • Economics and Econometrics
  • Organizational Behavior and Human Resource Management

Fingerprint

Dive into the research topics of 'Policy tradeoffs under risk of abrupt climate change'. Together they form a unique fingerprint.

Cite this