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)
“The real security of Christianity is to be found in its benevolent morality, in its exquisite adaptation to the human heart, in the facility with which its scheme accommodates itself to the capacity of every human intellect, in the consolation which it bears to the house of mourning, in the light with which it brightens the great mystery of the grave.”
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“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)