Assessing the Impacts of Climate Change: A Literature Review

by Stéphanie Jamet and Jan Corfee-Morlot

- The purpose of this review is twofold. First, it is to summarise current estimates of the impacts of climate change and to explain how these estimates are built in order to identify the main sources of uncertainty and approximation affecting them. Second, the paper discusses how this uncertainty should influence policymaker's decisions. A main conclusion of the review is that there are large uncertainties, which are not fully reflected in existing estimates of global impacts of climate change in monetary units. Nonetheless, despite these uncertainties, policy action may be justified.

Jamet, S. and J. Corfee-Morlot (2009). "Assessing the Impacts of Climate Change: A Literature Review." OECD Economics Department Working Papers, No. 691, OECD. April 2009.