2013
DOI: 10.1016/j.gloenvcha.2013.09.018
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Multiple adaptation types with mitigation: A framework for policy analysis

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Cited by 42 publications
(22 citation statements)
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“…The ability to modify investment decisions is referred to as 'managerial flexibility' [40]. Incorporation of flexibility with respect to implementation of climate adaptation measures is provided in various ways: such as allowing midterm adjustments and modifications of structure [41,42]; keeping investment or implementation measures open for future adaptation [43,44]; postponing adaptation until the time when the cost of further delay would be more than the benefits [45].…”
Section: Gap Between Adaptation Planning and Implementationmentioning
confidence: 99%
“…The ability to modify investment decisions is referred to as 'managerial flexibility' [40]. Incorporation of flexibility with respect to implementation of climate adaptation measures is provided in various ways: such as allowing midterm adjustments and modifications of structure [41,42]; keeping investment or implementation measures open for future adaptation [43,44]; postponing adaptation until the time when the cost of further delay would be more than the benefits [45].…”
Section: Gap Between Adaptation Planning and Implementationmentioning
confidence: 99%
“…One of major strategic issues of environmental economics is to understand how to deal with environmental damages caused by production pollution: to decrease (mitigate) the pollution or to adapt to its damage [11]. In reality, countries and separate firms invest in both mitigation and adaptation activities [4,19,22], although the optimal balance between them is not clear.…”
Section: Introductionmentioning
confidence: 99%
“…improve welfare, do not change the climate as the goal, and would not have been taken were the climate not changing (Felgenhauer and Webster 2013). The global climate policy with the lowest total societal losses will be a portfolio of these two responses, simultaneously implemented and with tradeoffs and interactions between them.…”
mentioning
confidence: 99%
“…Thus, unlike mitigation, adaptation allows for targeted responses to specific damages for as long as it is cost effective. It follows that using a single policy variable within an IAM to represent adaptation measures with varying lifetimes and constraints may not accurately portray the tradeoffs between mitigation and adaptation, particularly under uncertainty (Felgenhauer and Webster 2013). As one step towards representing this heterogeneity, adaptation can be disaggregated into two sub-types, flow and stock adaptation, which represent two points along a range of adaptation lifetimes.…”
mentioning
confidence: 99%