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The Economics of 350
The report argues that stabilizing atmospheric CO2 at 350 ppm is economically feasible, with estimated costs between 1% and 3% of global GDP, and is necessary to avoid catastrophic climate change. It challenges the 'go slow' approach of some economists and demonstrates that with adjusted assumptions on climate sensitivity and economic damages, even standard models like DICE support rapid decarbonization.
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Document type: Report
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