PART III: The Economics of Stabilisation
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چکیده
• Reducing demand for emissions-intensive goods and services is part of the solution. If prices start to reflect the full costs of production, including the greenhouse gas externality, consumers and firms will react by shifting to relatively cheaper lowcarbon products. Increasing awareness of climate change is also likely to influence demand. But demand-side factors alone are unlikely to achieve all the emissions reductions required.
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Part III: The Economics of Stabilisation
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