Joint Expert Meeting of WGII and WGIII on Economic Analysis, Costing Methods and Ethics
23-25 June 2011 – Lima, Peru
At the IPCC Fifth Assessment Report (AR5) scoping meeting (13-17 July, 2009, Venice, Italy), the need to clarify a number of cost and valuation concepts and their underlying rationale emerged. In particular, this includes problems with representing climate impacts in monetary and non-monetary terms, and with aggregating benefits and costs and the implications for cost-benefit analysis (CBA) and other methods. Furthermore, the ethical dimensions of estimating costs of mitigation, adaptation and residual damages are in need of assessment.
An expert meeting will address these issues, congregating a diverse set of views to make suggestions for creation of assessment frameworks. In particular, the meeting will address topics such as identification and comparison of metrics, measuring risk and valuing information, technical change, adaptation as an economic process, integrated assessment, behavioral dimensions, intra- and intergenerational justice and costs, economic and ethical implications of decision making under uncertainty, social cost-benefit analysis, and optimal carbon prices in second-best settings.
IPCC Working Group II information on the workshop:
http://www.ipcc-wg2.gov/meetings/EMs/index.html#7
