The authors of this paper argue that these unquantified, poorly understood and often deeply uncertain risks from climate change can and should be included in economic evaluations and decision-making processes. Read more

The authors of this paper argue that these unquantified, poorly understood and often deeply uncertain risks from climate change can and should be included in economic evaluations and decision-making processes. Read more
Economic assessments of the potential future risks of climate change have been omitting or grossly underestimating many of the most serious consequences for lives and livelihoods because these risks are difficult to quantify precisely and lie outside of human experience. This policy insight identifies and draws attention to these 'missing risks' and discusses how populations might fare in light of their potential to adapt in the face of these risks. Read more