1 November, 2021

Climate cost modelling: analysis of damage and mitigation frameworks and guidance for political use


Quirin Oberpriller, Martin Peter, Jürg Füssler, Anne Zimmer, Tina Aboumahboub, Jessie Schleypen, Matthew Gidden, Michiel Schaeffer, Carl-Friedrich Schleussner, Reimund Schwarze

Monetising climate costs is an important instrument to highlight the benefits of climate protection. This research report presents and compares the damage cost and the mitigation cost approaches. Both approaches are fundamentally different and for different questions either the one or the other gives the conceptually correct answer. The report shows the basic procedures, crucial modelling approaches and insight into which differences in the procedures have the biggest impact on the respective cost rates.