CERE Working Papers, CERE - the Center for Environmental and Resource Economics
O Bahn, Kelly de Bruin
Will adaptation delay the transition to clean energy systems?
() and C Fertel
Abstract: Climate change is one of the greatest environmental
challenges facing our planet in the foreseeable future, yet, despite
international environmental agreements, global GHG emissions are still
increasing. In this context, adaptation measures are an alternative to
mitigation efforts. These measures involve adjustments to economic or
social structures to limit the impact of climate change without limiting
climate change itself. To assess the interplay of adaptation and
mitigation, we propose AD-MERGE, an integrated assessment model that
includes both reactive ("flow") and proactive ("stock") adaptation
strategies as well as several mitigation (energy) technologies. We find
that adaptation delays but does not prevent the transition to clean energy
systems (carbon capture and sequestration systems, nuclear, and
renewables). Moreover, applying both strategies is more effective than
using just one.
Keywords: Climate change; Climate policy mix; Adaptation; Mitigation; Integrated assessment; (follow links to similar papers)
JEL-Codes: Q50; Q52; (follow links to similar papers)
28 pages, September 8, 2015
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