• iams enerall do not account for permanent damaes t c a to capital stocƒs or lon„term decreases in produc„ p m tiit or falls in the rate of technoloical deelopment t i u o all of which climate chane could reasonabl be b s a expected to cause‚@@ n o i t • Models hae also underestimated the rate of deelop„ s e u ment of clean ener technolo maƒin ener q transitions appear oerl costl‚@# 22 Stern 201 2 Creutzi et al‚ 201¡ ¡
Pictet Group Oxford Climate Change Study Page 36 Page 38