Seminars & webinars
22 November, 2012

The Dynamics of Adaptation and Mitigation

Where: Venice

Fondazione Eni Enrico Mattei
Isola di San Giorgio Maggiore
30124 Venice

at FEEM Milan

How to reach: Google map
Event's Timetable:

h. 12.00 Seminar
h. 13.00 Light Lunch


Seminars Office,


Maddalena Ferranna, Toulouse School of Economics


In the fight against climate change, two main strategies are available: mitigation and adaptation. Mitigation is represented as a global public good, while adaptation as a private good that accumulates over time. Moreover, mitigation produces benefits only in the long run, while the benefits from adaptation occur mainly in the short run. The paper explores the relationship between adaptation and mitigation in a dynamic model of contribution to a public good. It is shown that the impact of adaptation on mitigation is ambiguous. Due to the presence of adaptation, the incentives to free-ride are reduced because the benefits from the public good are lower. At the same time, however, adaptation has a strategic effect, which induces a decrease in the equilibrium mitigation effort. Indeed, by adapting each country can commit to a lower mitigation effort, and, as a consequence, force the other countries to increase their own mitigation efforts.

Download file
Download PDF file
How to Reach

FEEM Newsletter & Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter & Update. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree