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The economic value of adaptation to climate impact on renewable resources is examined using the UniSyD_IS model of Iceland's energy system. The model captures the entire energy system including interactions among supply sectors, energy markets, infrastructure and fuel demand. In this framework, climate adaptation options are evaluated in the context of a rational decision making process. Comparison...
The world's climate is changing. The scientific evidence is incontrovertible: most of this change is due to human activity, and the process is speeding up as more and more carbon dioxide, methane and other greenhouse gases are pumped into the atmosphere. The next decades are critical. Carbon dioxide emissions must be cut rapidly. If they are, according to the Intergovernmental Panel on Climate Change,...
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