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===Estimation of consumption losses=== | ===Estimation of consumption losses=== | ||
Consumption losses due to mitigation, adaptation and climate change damage are estimated based on a simple | Consumption losses due to mitigation, adaptation and climate change damage are estimated based on a simple <references/>. Each region is calibrated separately to the exogenous GDP path. Damages, adaptation and abatement costs are subtracted from investment or consumption to determine either the direct replacement effect on consumption, or the indirect effect from replacing investments. | ||
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Revision as of 16:00, 18 May 2018
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