Valuing the loss and damage from climate change: a review of some current issues

Jean-Michel Salles ()

CEE-M Working Papers from CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro

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.

Keywords: Economic valuation; Climate change; Compensation; Loss and damage; Social cost of carbon; coût social du carbone; pertes et préjudices; évaluation économique; changement climatique (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-hme
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Published in Journal international de bioéthique et d'éthique des sciences , 2019, 30 (2), pp.75-94. ⟨10.3917/jibes.302.0075⟩

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Working Paper: Valuing the loss and damage from climate change: a review of some current issues (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpceem:halshs-02131892

DOI: 10.3917/jibes.302.0075

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