Lecocq, Franck; Shalizi, Zmarak - In: Climate Policy 14 (2014) 2, pp. 187-208
Once established, long-lived capital stock (LLKS) such as infrastructure can lock-in a stream of GHG emissions for extended periods of time. Historical examples from industrial countries suggest that investments in LLKS projects and networks are often lumpy and concentrated in time, and often...