Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:36:53am WEST
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Daily Overview |
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A06: Climate Risk, Adaptation, and Optimal Climate Policy Location: Room 106 (Francesinhas 1) | |
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Do it Right! Subsidizing Firms’ Investments in Adaptation Under Climate Change Uncertainty University of Padova, Italy As climate-change uncertainty rises, societies increasingly rely on new technologies to adapt. While such measures can improve resilience, they may also foster maladaptation—private responses that reduce damages locally while imposing external costs on society. We model a private agent that can invest irreversibly in a clean adaptation technology under stochastic climate risk. In a business-as-usual scenario, the agent instead relies on a lower-cost practice that partially mitigates climate impacts but generates a negative externality (e.g., intensive soil fertilizer use). Adopting the clean technology achieves comparable adaptation performance without these social damages. We characterize the privately optimal investment trigger and robustness choice, and then study policy design when the government can subsidize adoption. The optimal subsidy balances fiscal costs against avoided external damages and accounts for how subsidies affect both the timing and design of private investment, reducing the likelihood of widespread maladaptation.
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