THE ECONOMIC COSTS OF GLOBAL WARMING DAMAGE - A SURVEY

This paper provides an overview on literature dealing with an economic assessment of expected global warming damage. While a relatively larg e body of literature exists on other economic aspects of global warmin g, in particular the costs of carbon abatement, the question of greenh ouse damage valuation has gained little attention so far. The first pa rt of the paper surveys the results of existing analyses on the costs of global warming. The second part discusses the main shortcomings of these studies and the main problems faced by researchers in this area.