Improving the resilience of the economy in the face of uncertain climate change damages involves irreversible investments to scale up new technologies that are less vulnerable to the effects of climate change. The benefit of having such options includes the avoided welfare cost of diverting consumption to scaling up the new technology after production possibilities have been diminished by climate change impacts. This needs to be balanced against the...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2016/04/13
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Рабочий документ в рамках исследования вопросов политики
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WPS7637
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1
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1
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2016/04/13
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Disclosed
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Economic structural change as an option for mitigating the impacts of climate change
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adverse effects of climate change
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Официальная версия документа (может содержать подписи, и т.д.)