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The European Green Deal after Corona Implications for EU climate policy
Project Report

Financial Impacts of Climate Change

What scale of resources is required?

by Arno Behrens
24 October 2008

Financial Impacts of Climate Change

What scale of resources is required?

Arno Behrens

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ECP Report No. 6 / 20 pages

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.


About the Author


  • Author
    Arno Behrens
    Arno Behrens
    Associate Senior Research Fellow
Financial Impacts of Climate Change What scale of resources is required?
Download Publication

3067 Downloads