Bowen, Alex, Cochrane, Sarah and Fankhauser, Samuel 
ORCID: 0000-0003-2100-7888
(2012)
Climate change, adaptation and economic growth.
Climatic Change, 113 (2).
pp. 95-106.
ISSN 0165-0009
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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. |
| Divisions: | Grantham Research Institute |
| 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 |
| Date Deposited: | 06 Dec 2011 16:07 |
| Last Modified: | 20 Nov 2024 08:45 |
| Funders: | Economic and Social Research Council, Munich Re |
| URI: | http://eprints.lse.ac.uk/id/eprint/39939 |
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