Title

Mitigation vs. Adaptation: Analytic Models for Policy Assessment

Document Type

Article

Publication Date

10-1-2016

Abstract

We suggest analytic economic-environmental models that aim to investigate the multi-faced interplay between economic production, industrial pollution, and environmental protection. The considered static and dynamic optimization problems assess a country’s sustainable environmental policy that involves the optimal combination of adaptation and mitigation strategies. A qualitative analysis of obtained solutions leads to relevant conclusions about the ranges of economic-environmental parameters, in which the adaptation and mitigation are viable policy options.

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