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Investment and Adaptation as Commitment Devices in Climate Politics

[Arbeitspapier]

Heuson, Clemens; Peters, Wolfgang; Schwarze, Reimund; Topp, Anna-Katharina

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-361187

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Körperschaftlicher Herausgeber Helmholtz-Zentrum für Umweltforschung - UFZ
Abstract It is well established that adaptation and technological investment in each case may serve as a commitment device in international climate politics. This paper for the first time analyzes the combined impact of these two strategic variables on global mitigation within a noncooperative framework where countries either decide on mitigation before or after adaptation. By investment, which is assumed to be made in the first place due to its considerable lead time, countries commit to lower national contributions to the global public good of mitigation. We find that the sequencing of adaptation before mitigation reinforces this strategic effect of technological investments at least for sufficiently similar countries. As a consequence, the subgame-perfect equilibrium yields a globally lower level of mitigation and higher global costs of climate change when adaptation is decided before mitigation. Besides this theoretical contribution, the paper proposes some strategies to combat the unfortunate rush to adaptation which can be currently observed in climate politics.
Thesaurusschlagwörter climate policy; climate change; climate protection; international agreement; game theory; investment; technology; adaptation; political negotiation; model analysis; political strategy; model construction
Klassifikation spezielle Ressortpolitik; Erhebungstechniken und Analysetechniken der Sozialwissenschaften
Sprache Dokument Englisch
Publikationsjahr 2013
Erscheinungsort Leipzig
Seitenangabe 24 S.
Schriftenreihe UFZ Discussion Papers, 13/2013
ISSN 1436-140X
Status Veröffentlichungsversion
Lizenz Creative Commons - Namensnennung, Nicht-kommerz., Weitergabe unter gleichen Bedingungen
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