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Integrated benefit-cost analysis of China's optimal adaptation and targeted mitigation
Duan, Hongbo1; Zhang, Gupeng2; Wang, Shouyang3; Fan, Ying4
2019-06-01
Source PublicationECOLOGICAL ECONOMICS
ISSN0921-8009
Volume160Pages:76-86
AbstractIn this work, we develop a regional integrated assessment framework by incorporating both adaptation and mitigation mechanisms to conduct benefit-cost analysis of China's optimal adaptation and portray the relative adaptation cost curve. In particular, we explore the influence of induced optimal mitigation, given the 2-degree warming-increase target, on the effectiveness of adaptation. Although adaptation alone may not be able to tackle all the risks of climate change, it remains a benefit-cost effective option. Our results show that China's optimal adaptation strategy can avoid, on average, 28% of climate damage over the entire simulation horizon. With respect to the reduction of adverse climate effects, the effect of a policy mix of both adaptation and mitigation does not appear to be "1 + 1 >= 2", despite the combination strategy is still the better option compared to adaptation or mitigation alone. Robustness analysis reveals that the choice of time scales is important for policy effectiveness assessment, and the discount rate tells most of the story. Specifically, the lower the discount level, the higher the policy effectiveness; and the effectiveness of targeted policy would be significantly reinforced if a longer time scale is considered, given the same discount rate.
KeywordIntegrated assessment modeling Targeted mitigation Optimal adaptation Trade-offs Benefit-cost effectiveness
DOI10.1016/j.ecolecon.2019.02.008
Language英语
Funding ProjectNational Natural Science Foundation of China[71874177] ; National Natural Science Foundation of China[71690245] ; National Natural Science Foundation of China[71503242] ; National Natural Science Foundation of China[71872169] ; University of Chinese Academy of Sciences Foundation
WOS Research AreaEnvironmental Sciences & Ecology ; Business & Economics
WOS SubjectEcology ; Economics ; Environmental Sciences ; Environmental Studies
WOS IDWOS:000466260300007
PublisherELSEVIER SCIENCE BV
Citation statistics
Cited Times:6[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/34574
Collection系统科学研究所
Affiliation1.Univ Chinese Acad Sci, Sch Econ & Management, Beijing 100190, Peoples R China
2.Univ Chinese Acad Sci, Sch Publ Policy & Management, Beijing 100049, Peoples R China
3.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China
4.Beihang Univ, Sch Econ & Management, Beijing 100191, Peoples R China
Recommended Citation
GB/T 7714
Duan, Hongbo,Zhang, Gupeng,Wang, Shouyang,et al. Integrated benefit-cost analysis of China's optimal adaptation and targeted mitigation[J]. ECOLOGICAL ECONOMICS,2019,160:76-86.
APA Duan, Hongbo,Zhang, Gupeng,Wang, Shouyang,&Fan, Ying.(2019).Integrated benefit-cost analysis of China's optimal adaptation and targeted mitigation.ECOLOGICAL ECONOMICS,160,76-86.
MLA Duan, Hongbo,et al."Integrated benefit-cost analysis of China's optimal adaptation and targeted mitigation".ECOLOGICAL ECONOMICS 160(2019):76-86.
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