IDEAS home Printed from https://ideas.repec.org/a/ids/ijgenv/v2y2002i3-4p223-239.html
   My bibliography  Save this article

Impacts of climate change in monetary terms? Issues for developing countries

Author

Listed:
  • H. Asbjorn Aaheim

Abstract

This paper raises some issues that may explain why developing countries are more reluctant than developed countries to let monetary estimates of the impacts of climate change determine climate policy. Many limitations of cost-benefit analysis become even stronger when applied to economies with distorted markets and limited abilities to adapt to new economic conditions. The implicit influence of distribution on monetary values also means that estimates of cost and benefits are less applicable for policy making in developing countries. However, some of the scepticism seems to arise from too high expectations of what cost-benefit analysis can provide. Its main advantage is probably that it is one out of a few tools for decision-making that allows data for the impacts of climate change to be systematised, evaluated and aggregated onto a common measure in accordance with well-defined principles.

Suggested Citation

  • H. Asbjorn Aaheim, 2002. "Impacts of climate change in monetary terms? Issues for developing countries," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 2(3/4), pages 223-239.
    • Handle: RePEc:ids:ijgenv:v:2:y:2002:i:3/4:p:223-239
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=2401
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijgenv:v:2:y:2002:i:3/4:p:223-239. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=14 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.