We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation
Notes
"August 2016."
At head of title: International Monetary Fund, Research Department
Bibliography
Includes bibliographical references (pages 39-45)
Notes
Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016)