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Climate change, adaptation and economic growth

Bowen, Alex and Cochrane, Sarah and Fankhauser, Samuel (2012) Climate change, adaptation and economic growth. Climatic Change, 113 (2). pp. 95-106. ISSN 0165-0009

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Identification Number: 10.1007/s10584-011-0346-8

Abstract

This paper explores the links between economic growth and the impacts of climate change. Inclusive, pro-poor growth is central to the development of low-income countries. There is also a broad consensus that growth and development are important to reduce vulnerability to climate change. Growth does not automatically reduce vulnerability, only the right kind of growth does. The paper aims to develop a better understanding of what the “right kind of growth” may be. We find that many growth policies, such as investment in skills and access to finance, indeed reduce vulnerability to climate change. However, climate change calls for some adjustments in growth policy. In particular, investment in infrastructure and efforts to stimulate entrepreneurship and competitive markets must take more of a risk management perspective and recognise climate risks.

Item Type: Article
Official URL: http://www.springer.com/earth+sciences+and+geograp...
Additional Information: © 2011 Springer Science+Business Media B.V.
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounting; Environmental Equity
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Collections > Economists Online
Date Deposited: 06 Dec 2011 16:07
Last Modified: 22 Jul 2015 14:41
Funders: Economic and Social Research Council, Munich Re
URI: http://eprints.lse.ac.uk/id/eprint/39939

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