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"Though mainstream economic measures such as GDP are useful measures with great influence on both public and private decisions, they are flawed as measures of human welfare. In addition, they give little information as to whether the market is helping Europe make progress on its environmental goals and its commitment to sustainable development. There is a critical need in Europe for indicators and ...

There is increasing interest in the economics of climate change to inform policy on a) long-term targets, b) the costs of inaction (the economic effects of climate change), and c) the costs and benefits of adaptation. The objectives of this study are to advance knowledge across all three areas, i.e. the full economic costs of climate change, through the following tasks: 1. To identify and develop ...