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In an otherwise excellent analysis of fair regional shares of global mitigation investments, Pachauri et al. (Policy Forum, 9 December 2022, p. 1057) dramatically overestimate developing countries’ ‘capability’ to invest… Click to show full abstract
In an otherwise excellent analysis of fair regional shares of global mitigation investments, Pachauri et al. (Policy Forum, 9 December 2022, p. 1057) dramatically overestimate developing countries’ ‘capability’ to invest by estimating GDP using purchasing power parity exchange rates. Since internationally sourced investment goods must be paid for at market exchange rates, capability-based interregional finance flows should be vastly larger. Description
Keywords:
mitigation investments;
fairness considerations;
comment fairness;
technical comment;
global mitigation
Journal Title: Science
Year Published: 2023
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Journal Title: Science
Year Published: 2023
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!