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

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  • Jean-Michel A Salles

    (CEE-M - Centre d'Economie de l'Environnement - Montpellier - FRE2010 - INRA - Institut National de la Recherche Agronomique - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier)

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.

Suggested Citation

  • Jean-Michel A Salles, 2019. "Valuing the loss and damage from climate change: a review of some current issues," CEE-M Working Papers halshs-02131892, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    • Handle: RePEc:hal:wpceem:halshs-02131892
    DOI: 10.3917/jibes.302.0075
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02131892v1
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    Keywords

    eEconomic valuation; Climate change; Compensation; Economic valuation; Loss and damage; Social cost of carbon; coût social du carbone; pertes et préjudices; évaluation économique; changement climatique;
    All these keywords.

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