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“Mitigation, adaptation, suffering” : In search of the right mix in the face of climate change

Author

Listed:
  • TULKENS, Henri

    (Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

  • VAN STEENBERGHE, Vincent

    (Belgian Federal Ministry for the Environment, Brussels)

Abstract
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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • TULKENS, Henri & VAN STEENBERGHE, Vincent, 2009. "“Mitigation, adaptation, suffering” : In search of the right mix in the face of climate change," LIDAM Discussion Papers CORE 2009054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvco:2009054
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    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp2009.html
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    References listed on IDEAS

    as
    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Benchekroun, H. & Marrouch, W. & Ray Chaudhuri, A., 2011. "Adaptation Effectiveness and Free-Riding Incentives in International Environmental Agreements," Other publications TiSEM 6409b168-c0ad-44e5-88bf-6, Tilburg University, School of Economics and Management.
    2. Oliver Schenker & Gunter Stephan, 2012. "International Trade and the Adaptation to Climate Change and Variability," Diskussionsschriften dp1201, Universitaet Bern, Departement Volkswirtschaft.
    3. Bréchet, Thierry & Hritonenko, Natali & Yatsenko, Yuri, 2016. "Domestic environmental policy and international cooperation for global commons," Resource and Energy Economics, Elsevier, vol. 44(C), pages 183-205.
    4. Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2016. "Development Aid and Climate Finance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(2), pages 429-450, February.
    5. repec:zbw:hohpro:332 is not listed on IDEAS
    6. Henry Tulkens, 2016. "COP 21 and Economic Theory: Taking Stock," Revue d'économie politique, Dalloz, vol. 126(4), pages 471-486.
    7. repec:old:wpaper:332 is not listed on IDEAS
    8. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Ökonomische Grundfragen der Klimaanpassung: Umrisse eines neuen Forschungsprogramms," UFZ Reports 02/2012, Helmholtz Centre for Environmental Research (UFZ).
    9. Tulkens, Henry, 2016. "COP 21 and Economic Theory: Taking Stock," ET: Economic Theory 236237, Fondazione Eni Enrico Mattei (FEEM).
    10. Udo Ebert & Heinz Welsch, 2011. "Optimal response functions in global pollution problems can be upward-sloping: accounting for adaptation," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 13(2), pages 129-138, June.
    11. repec:old:wpaper:344 is not listed on IDEAS
    12. Klaus Eisenack & Leonhard Kähler, 2012. "Unilateral emission reductions can lead to Pareto improvements when adaptation to damages is possible," Working Papers V-344-12, University of Oldenburg, Department of Economics, revised Jan 2012.
    13. Martin Farnham & Peter Kennedy, 2015. "Adapting to Climate Change: Equilibrium Welfare Implications for Large and Small Economies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(3), pages 345-363, July.
    14. Michèle Breton & Lucia Sbragia, 2017. "Adaptation to Climate Change: Commitment and Timing Issues," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(4), pages 975-995, December.
    15. Udo Ebert & Heinz Welsch, 2012. "Adaptation and Mitigation in Global Pollution Problems: Economic Impacts of Productivity, Sensitivity, and Adaptive Capacity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(1), pages 49-64, May.
    16. repec:zbw:hohpro:344 is not listed on IDEAS
    17. Heuson, Clemens & Gawel, Erik & Gebhardt, Oliver & Hansjürgens, Bernd & Lehmann, Paul & Meyer, Volker & Schwarze, Reimund, 2012. "Fundamental questions on the economics of climate adaptation: Outlines of a new research programme," UFZ Reports 05/2012, Helmholtz Centre for Environmental Research (UFZ).
    18. Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2013. "Equity, Development Aid and Climate Finance," GRI Working Papers 123, Grantham Research Institute on Climate Change and the Environment.
    19. Hassan Benchekroun & Ngo Van Long, 2012. "Collaborative Environmental Management: A Review Of The Literature," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 14(04), pages 1-22.

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    More about this item

    Keywords

    cost of climate change; adaptation; mitigation; residual cost; envelope cost function; cost benefit analysis;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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