Focusing international cooperation on climate change solely on the establishment of emission targets is not adequate: the latter does not adequately address developmental challenges or help achieve internationally agreed goals. The international development agenda needs to specify the actions and approaches required for ensuring economic behaviour that is compatible with environmental constraints in a way that minimizes aggregate costs, protects the vulnerable and maximizes economic growth. The integration of climate-change and development goals will require a fundamental reorientation of the current developmental trajectory so that the carbon intensity of production is reduced while…
A Social Accounting Matrix (SAM) is a square matrix in which each account is represented by a row and a column. It provides a comprehensive picture of the economic transactions of an economy. Each cell shows the payment from the account of its column