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Financial Impacts of Climate Change: What scale of resources is required? CEPS ECP Report No. 6, October 2008

Behrens, Arno. (2008) Financial Impacts of Climate Change: What scale of resources is required? CEPS ECP Report No. 6, October 2008. [Working Paper]

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    Abstract

    This paper summarises various estimates of the financial impacts of climate change. It differentiates between studies referring to incremental costs (UNFCCC, World Bank, Oxfam, UNDP, OIES) and those referring to costs expressed as a percentage of global economic output (Stern Review, UNDP, Vattenfall, European Commission, OECD, IPCC). Based on these studies, the paper presents the potential order of magnitude of costs to the EU27, as well as estimations of the role of the public sector in contributing to these costs. Finally, it identifies the gap between these estimated spending requirements and currently available finance and presents some proposals on how to close this financing gap.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    EU policies and themes > Policies & related activities > budgets & financing
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECP Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 Aug 2009
    Page Range: p. 23
    Last Modified: 24 Jul 2015 10:08
    URI: http://aei.pitt.edu/id/eprint/11450

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