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Economic valuation of the loss and damage from climate change: A review of some current issues

Author

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  • Jean-Michel A Salles

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - FRE2010 - INRA - Institut National de la Recherche Agronomique - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier)

Abstract

From an economic perspective, damage and loss valuation aims first at justifying climate change mitigation efforts. But the difficulties related to the heterogeneity of the damage and the time horizon of the impacts make the results very contingent of the computation hypotheses. The debate thus focused on the social cost of carbon, driven by the idea of basing climate change policies on emission pricing. But damage assessment could also be used as a basis for compensating victims. Although the idea of climate justice is struggling to establish the basis for this compensation, international negotiations have begun to lay the groundwork for it through the Warsaw Mechanism, which remains however far from this goal.

Suggested Citation

  • Jean-Michel A Salles, 2019. "Economic valuation of the loss and damage from climate change: A review of some current issues," Post-Print hal-02090935, HAL.
    • Handle: RePEc:hal:journl:hal-02090935
    DOI: 10.3917/jibes.301.00xx
    as

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