Counting the cost of climate change
The future economic costs of climate change — known as the costs of inaction — will be significant in Europe, says a new European Environment Agency (EEA) report, released today.
The report, Climate change: the cost of inaction and the cost of adaptation, looks at the economic costs of climate change (impacts) at a European level. These costs are increasingly shaping the climate policy debate but the report highlights the fact that methodological issues and uncertainties remain in cost estimation.
EEA technical report No 13/2007: Climate change:
the cost of inaction and the cost of adaptation