02299cas a2200289 a 4500 AALejournalIMF023198 230101c9999 xx r poo 0 0eng d 9798400220364 20.00 USD 1018-5941 BD-DhAAL BD-DhAAL Cevik, Serhan. Waiting for Godot? : The Case for Climate Change Adaptation and Mitigation in Small Island States / Serhan Cevik. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Global warming is the most significant threat to ecosystems and people's health and living standards, especially in small island states in the Caribbean and elsewhere. This paper contributes to the debate by analyzing different options to scale up climate change mitigation and adaptation. In particular, the empirical analysis indicates that increasing energy efficiency and reducing the use of fossil fuel in electricity generation could lead to a significant reduction in carbon emissions, while investing in physical and financial resilience would yield long-run benefits. From a risk-reward perspective, the advantages of reducing the risks associated with climate change and the health benefits from higher environmental quality clearly outweigh the potential cost of climate change mitigation and adaptation in the short run. The additional revenue generated by environmental taxes could be used to compensate the most vulnerable households, building a multilayered safety net, and strengthening structural resilience. Mode of access: Internet Economic Growth and Aggregate Productivity imf Energy imf Environment and Growth imf Valuation of Environmental Effects imf IMF Working Papers; Working Paper ; No. 2022/179 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=179 IMF e-Library