• Developmental goals well defined for short term (e.g. MDGs); taken care of in setting the time frames and targets (e.g. literacy, poverty, access to basic amenities)
• Adaptation Costs – in short run cover for derailment of the economy from the desired time path
• Currently available CC data for 2071-2100; socio-economic modeling limitations beyond 2030.
• Therefore, adopt a Systems Equilibrium approach ----
Moving from last three decades till 2004-05, to a future 30 year period: 2071 to 2100.
Advantage – CC data available, disadvantages – too much uncertainty to risk putting one number to it, even for the economist!!!
For the present, See Adaptation costs in terms of directions of change. Illustrate for food grain production.
• Developmental goals well defined for short term (e.g. MDGs); taken care of in setting the time frames and targets (e.g. literacy, poverty, access to basic amenities)• Adaptation Costs – in short run cover for derailment of the economy from the desired time path• Currently available CC data for 2071-2100; socio-economic modeling limitations beyond 2030. • Therefore, adopt a Systems Equilibrium approach ----Moving from last three decades till 2004-05, to a future 30 year period: 2071 to 2100. Advantage – CC data available, disadvantages – too much uncertainty to risk putting one number to it, even for the economist!!! For the present, See Adaptation costs in terms of directions of change. Illustrate for food grain production.
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