Climate change adaptation

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Description: Adaptation to climate change reduces climate damage. The model can optimally calculate the optimal adaptation level based on marginal adaptation costs and marginal avoided damage, but an alternative adaptation level can be used as well.
Reference: Hof et al., 2009; Hof et al., 2010;
Is implemented in: Climate policy

Effects of this policy intervention on components

Component: Climate policy
Effect : More adaptation increases adaptation costs, but reduces the damage resulting from climate change.

References: De Bruin et al., 2009