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Séminaire Fondation HEC Montréal

The impact of adaptation on the stability of international environmental agreements


11 oct. 2017   11h00 — 12h00

Lucia Sbragia Durham University Business School, Royaume-Uni

We examine the stability of international environmental agreements when they include both adaptation and mitigation policies. We assume that adaptation requires a prior irreversible investment and presents the characteristics of a private good by reducing a country's vulnerability to the impact of pollution, while mitigation policies produce a public good by reducing the total amount of pollution.

Using a stylized model, we show that adaptive measures can be used strategically and that their inclusion in environmental agreements enhances agreement stability and can even lead to full cooperation. However, adaptation does not help cooperation in mitigation policies. Finally, we evaluate how including adaptive measures for climate change in international environmental agreements affects welfare and overall pollution.

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Georges Zaccour responsable


Salle 4488
Pavillon André-Aisenstadt
Campus de l'Université de Montréal
2920, chemin de la Tour Montréal QC H3T 1J4 Canada

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