The (economic) impacts of climate change: some implications for Asian economies
This paper provides an overview of how economists think about climate change impacts with a focus on Asia. It is designed to discuss the steps along the causal chain from physical impacts to impacts on human and natural systems. It starts with a summary of the projected physical impacts of climate change on Asia based on the IPCC’s 5th assessment report. It then discusses the concept of the social cost of carbon and how integrated assessment models are used to obtain estimates of this number.