Hargrave, JorgeMotta, Ronaldo Seroa daLuedemann, Gustavo2024-10-032024-10-032012https://repositorio.ipea.gov.br/handle/11058/15231The United Nations Environment Programme (UNEP) estimated that the world would need to reduce greenhouse gas (GHG) emissions by 50–60 per cent from 1990 levels by 2050, with a future downward trajectory that is even more drastic, to have a probable chance of limiting a global temperature increase to 2ºC. It was also estimated that a 2ºC warming could lead to overall global losses of about 1 per cent of the world’s gross domestic product (GDP). Models predict however that losses will be distributed in an unbalanced way. While countries in Africa and South Asia may experience losses of around 4–5 per cent of their GDP, models predict minimal short term GDP losses in rich countries (Nordhaus, 2007; Stern, 2007). (…)engAcesso AbertoWorking paperInternational Policy Centre for Inclusive GrowthUnited Nations Development ProgrammeLicença total exclusivaO texto e dados desta publicação podem ser reproduzidos desde que as fontes sejam citadas. Reproduções com fins comerciais são proibidas.Cost–benefit Analyses of Climate Change