International Environmental Agreements in the Presence of Adaptation

Authors

Walid Marrouch, Lebanese American University, School of Business, Department of Economics and Finance, Lebanon and USA, CIRANO (Center for Interuniversity Research and Analysis on Organizations), CanadaFollow
Amrita Ray Chaudhuri, Department of Economics, CentER, TILEC, Tilburg University, The Netherlands, and Department of Economics, The University of Winnipeg, Canada

Date of This Version

April 2011

Abstract

We show that adaptive measures undertaken by countries in the face of climate change, apart from directly reducing the damage caused by climate change, may also indirectly mitigate greenhouse gas emissions by increasing the stable size of international agreements on emission reductions. Moreover, we show that the more effective the adaptive measure in terms of reducing the marginal damage from emissions, the larger the stable size of the international environmental agreement. In addition, we show that larger coalitions, in the presence of adaptation, may lead to lower global emission levels and higher welfare.

Recommended Citation

Marrouch, Walid and Chaudhuri, Amrita Ray, "International Environmental Agreements in the Presence of Adaptation" (April 21, 2011). Fondazione Eni Enrico Mattei Working Papers. Paper 586.
https://services.bepress.com/feem/paper586