The Impacts and Costs of Climate Change Page: 2
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The Impacts and Costs of Climate Change
policy making. This report summarises the available state of the knowledge on benefits, both in terms
of impacts and economic effects, to provide support to the Commission. The paper is the output from
task 1 of the project 'Modelling Support for Future Actions - Benefits and Cost of Climate Change
Policies and measures', ENV.C.2/2004/0088, led by K.U.Leuven, Katholieke Universiteit Leuven.
The aim of the wider project is to provide consistent analytical materials and modelling capacity for an
analysis of benefits and costs of mitigation efforts, in order to support DG Environment in its report to
the Spring Council 2005 and in its future international negotiations on climate change. More
specifically, the project will contribute to these aims through the following objectives:
* Providing a transparent review and assessment of the major damages from the impacts of climate
change at European and global level;
* Quantifying the costs of individual damages in order to provide monetised benefits of avoided
damages from action to mitigate climate change;
* Quantifying the ancillary benefits of further climate action;
* Providing policy simulations concerning future commitments at European and World level with
the general equilibrium models GEM-E3-World and GEM-E3-Europe.
This report addresses the first three of these objectives, which make up task 1 of the project. It has
undertaken a rapid review5 of the literature to estimate the likely impacts of climate change and
assesses the importance of each impact to determine a set of 'major damages'. It then reports on a rapid
review of the information on the economic costs of climate change. Finally, it has undertaken a rapid
review of the ancillary benefits of greenhouse gas mitigation policies.
1 The work was undertaken during a short period during November 2004, as an input to the European Commission for it's
Communication from the Commission to the Council, the European Parliament, the European Economic and Social
Committee and the Committee of the Regions 'Winning the Battle Against Climate Change (SEC(2005)180. Published at
http://europa.eu.int/comm/environment/climat/pdf/staff_ work_ paper sec_2005_ 1803.pdf
AEA Technology Environment, August 2005
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Watkiss, Paul; Downing, Tom; Handley, Claire & Butterfield, Ruth. The Impacts and Costs of Climate Change, text, September 2005; Oxford, England. (digital.library.unt.edu/ark:/67531/metadc29337/m1/13/: accessed March 17, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .