Economic aspects of adaption to climate change: integrated assessment modelling of adaptation costs and benefits

This report develops and applies a framework for the explicit incorporation of adaptation in Integrated Assessment Models (IAMs). It provides a consistent framework to investigate “optimal” balances between investments in mitigating climate change, investments in adapting to climate change and accepting (future) climate change damages. By including adaptation into IAMs these already powerful tools for policy analysis are further improved and the interactions between mitigation and adaptation can be analysed in more detail.

Source: OECD ENV/EPOC/GSP(2008)17/FINAL, please request full paper from library.