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Modeling Pessimism: Does Climate Stabilization Require a Failure of Development?
The document argues that climate-economics models often underrate the potential for low-income countries to escape poverty, which leads to underestimated business-as-usual emissions and consequently weaker emissions reduction goals. It suggests that if low-income countries experience faster economic growth, more ambitious global emissions reduction policies would be required today to achieve climate stabilization.
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Document type: Research paper
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