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ACKNOWLEDGEMENTS ............................................................ 4
EXECUTIVE SUMMARY................................. ................................... 7
Chapter 1: Overview by Jan Corfee Morlot and Shardul Agrawala provides
an overview of the contents and key messages from the volume as well as an
outline of planned future work. ................................................................................ 9
Chapter 2: Estimating global impacts from climate change by Sam Hitz
and Joel Smith is a survey of the global impacts literature that provides the
starting point for many of the other papers in the volume; it reveals many of the
limitations of the global impacts literature as a basis for understanding the
benefits of mitigation ........................................................ ...... .. ........ 31
Chapter 3: Integrated assessment of benefits of climate policy by John
Schellnhuber, Rachel Warren, Alex Haxeltine and Larissa Naylor, reviews the
state of the art in integrated assessment modelling and considers our ability to
holistically evaluate the outcomes of policy options in terms of avoided impact
benefits, in particular to consider key issues such as ancillary benefits and
adaptation in conjunction with mitigation ........................................................... 83
Chapter 4: The benefits and costs of adapting to climate variability and
climate change by John Callaway discusses adaptation and uses traditional
planning approaches to outline adaptation benefits in economic terms. ....................11
Chapter 5: Abrupt, non-linear climate change and climate policy by
Stephen Schneider and Janica Lane reviews our understanding of abrupt
change as driven by climate change and looks at mitigation policy options that
would affect the risk of abrupt change. ...................................................... 159
Chapter 6: Social costs of carbon by Michele Pittini and M. Rahman reviews
key issues associated with valuation of climate change damages and outlines a
UK government effort to use comprehensive, global aggregates of the marginal
social costs of climate change as a tool for policy-makers ......................................... 189
Chapter 7: Modelling climate change under no-policy and policy emission
pathways by Tom Wigley assesses changes in global mean temperature with
and without "stabilisation" policy using a probabilistic framework........................... 221
Chapter 8: Managing climate change risks by Roger Jones outlines a risk
assessment approach to understanding the avoided impacts from alternative
policy decisions, and provides examples for how to begin to link local and
regional risk avoidance (benefits) to global mitigation decisions .............................. 249
Chapter 9: Toward a framework for climate benefits estimation by
Henry D. Jacoby provides a commentary on the other papers in the volume and
outlines the key elements of a framework for improving information on the
benefits of mitigation action comprising a portfolio of different measures, first
in physical units and eventually in monetary units, at the regional and global
scales. ............................................................................................ 299
Library of Congress Subject Headings for this publication: Climatic changes Economic aspects, Greenhouse gas mitigation Economic aspects