Balancing Expenditures on Mitigation of and Adaptation to Climate Change is popular PDF and ePub book, written by Zmarak Shalizi in 2007, it is a fantastic choice for those who relish reading online the Agriculture genre. Let's immerse ourselves in this engaging Agriculture book by exploring the summary and details provided below. Remember, Balancing Expenditures on Mitigation of and Adaptation to Climate Change can be Read Online from any device for your convenience.
Balancing Expenditures on Mitigation of and Adaptation to Climate Change Book PDF Summary
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.
Detail Book of Balancing Expenditures on Mitigation of and Adaptation to Climate Change PDF
- Author : Zmarak Shalizi
- Release : 29 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Agriculture
- Total Page : 48 pages
- Language : English
- PDF File Size : 7,9 Mb
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