This paper contributes to the normative literature on mitigation and adaptation by framing the question of their … optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model … with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a …

channel of causality. At the same time, human capital has a vital role in driving effective climate change mitigation and … document the existing evidence on the impacts of climate change damages, and the effects of climate change mitigation and … of the life cycle. For mitigation and adaptation, we find that while these are overall clearly beneficial, they are also …