Average global temperature rise is the main benchmark for climate policy: the goal of keeping below 2°C and the increasing severe risks the world would face if it were to go beyond that figure.
This global perspective provides the strong economic case for mitigation action. But, climate change will not be experienced equally: the impact on regional climates will vary, as will the consequences of changing weather patterns. Improved understanding of these regional differences can assist with the development of effective adaptation responses.
This session presented results of new modelling of the impacts of climate change that helps to reveal some of the main economic impacts of climate change across regions. It was followed by a discussion of the economics of adapting to climate impacts, both in OECD and developing countries.
the economic consequences of climate change - policy highlights
ADAPTING TO THE IMPACTS OF CLIMATE CHANGE - policy perspectives
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