Will Adaptation Delay the Transition to Clean Energy Systems?

28 Pages Posted: 8 Sep 2015

See all articles by Olivier Bahn

Olivier Bahn

HEC Montréal

Kelly Chloe de Bruin

University of Umea - Centre for Environmental and Resource Economics

C. Fertel

HEC Montreal

Date Written: September 8, 2015

Abstract

Climate change is one of the greatest environmental challenges facing our planet in the foreseeable future, yet, despite international environmental agreements, global GHG emissions are still increasing. In this context, adaptation measures are an alternative to mitigation efforts. These measures involve adjustments to economic or social structures to limit the impact of climate change without limiting climate change itself. To assess the interplay of adaptation and mitigation, we propose AD-MERGE, an integrated assessment model that includes both reactive ("flow") and proactive ("stock") adaptation strategies as well as several mitigation (energy) technologies. We find that adaptation delays but does not prevent the transition to clean energy systems (carbon capture and sequestration systems, nuclear, and renewables). Moreover, applying both strategies is more effective than using just one.

Keywords: Climate change, Climate policy mix, Adaptation, Mitigation, Integrated assessment

JEL Classification: Q50, Q52

Suggested Citation

Bahn, Olivier and de Bruin, Kelly Chloe and Fertel, C., Will Adaptation Delay the Transition to Clean Energy Systems? (September 8, 2015). CERE Working Paper, 2015:8, Available at SSRN: https://ssrn.com/abstract=2657453 or http://dx.doi.org/10.2139/ssrn.2657453

Olivier Bahn

HEC Montréal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3
Canada

Kelly Chloe De Bruin (Contact Author)

University of Umea - Centre for Environmental and Resource Economics ( email )

Umeå, S-901 87
Sweden

C. Fertel

HEC Montreal ( email )

3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
31
Abstract Views
516
PlumX Metrics