Adaptation and Mitigation
The distribution of benefits from adaptation and mitigation policies are different in terms of damages avoided (Toth et al., 2001:653). Adaptation activities mainly benefit those who implement them, while mitigation benefits others who may not have made mitigation investments. Mitigation can therefore be viewed as a global public good, while adaptation is either a private good in the case of autonomous adaptation, or a national or regional public good in the case of public sector policies.
Read more about this topic: Economics Of Global Warming
Famous quotes containing the words adaptation and, adaptation and/or mitigation:
“In youth the human body drew me and was the object of my secret and natural dreams. But body after body has taken away from me that sensual phosphorescence which my youth delighted in. Within me is no disturbing interplay now, but only the steady currents of adaptation and of sympathy.”
—Haniel Long (1888–1956)
“Whatever there be of progress in life comes not through adaptation but through daring, through obeying the blind urge.”
—Henry Miller (1891–1980)
“Law is a thing which is insensible, and inexorable, more beneficial and more profitious to the weak than to the strong; it admits of no mitigation nor pardon, once you have overstepped its limits.”
—Titus Livius (Livy)