Summary for Policymakers: The Economic and Social Dimensions of Climate Change -IPCC Working Group III
Description: This summary report assesses a large part of the existing literature on the socioeconomics of climate change and identifies areas in which a consensus has emerged on key issues and areas where differences exist1. The chapters have been arranged so that they cover several key issues. First, frameworks for socioeconomic assessment of costs and benefits of action and inaction are described. Particular attention is given to the applicability of costbenefit analysis, the incorporation of equity and social considerations, and consideration of intergenerational equity issues. Second, the economic and social benefits of limiting greenhouse gas emissions and enhancing sinks are reviewed. Third, the economic, social and environmental costs of mitigating greenhouse gas emissions are assessed. Next, generic mitigation and adaptation response options are reviewed, methods for assessing the costs and effectiveness of different response options are summarized, and integrated assessment techniques are discussed. Finally, the report provides an economic assessment of policy instruments to combat climate change.
Creator: Intergovernmental Panel on Climate Change
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