The Effect Of Proactive Adaptation On Green Investment
Climate change is one of the greatest challenges facing our planet in the foreseeable future and despite the urgency of the situation global GHG emissions are still increasing. In this paper, and since future climate changes appear now unavoidable to some extent, adaptation measures have recently gained a new political momentum as an important component of climate policies. Contrary to mitigation options, adaptation measures do not reduce emission levels but reduce their impacts. To assess the relationship and effects on the global economy of both mitigation and adaptation, the authors use in this paper an Integrated Assessment Model (IAM) that includes both proactive adaptation strategies and access to "Green" investments (clean technologies) for mitigation.