THE SOCIAL COSTS OF CLIMATE CHANGE: THE IPCC SECOND ASSESSMENT REPORT AND BEYOND S. FANKHAUSER* and R.S.J.TOL

@inproceedings{2004THESC,
  title={THE SOCIAL COSTS OF CLIMATE CHANGE: THE IPCC SECOND ASSESSMENT REPORT AND BEYOND S. FANKHAUSER* and R.S.J.TOL},
  author={},
  year={2004}
}
  • Published 2004
Climate change is expected to have far-reaching impacts. Earlier studies have estimated an aggregated monetised damage equivalent to 1.5 to 2.0 % of World GDP (for 2 x CO2). According to these estimates, the OECD would face losses equivalent to 1.0 to 1.5 % of GDP, and developing countries 2.0 to 9.0 %. While these figures are preliminary and highly uncertain, recent findings have not, as yet, changed the general picture. As is shown in this paper, estimates that are fully corrected for… CONTINUE READING

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