Report Title: Assessing and Mitigating the Cost of Climate Change
Acting Rapporteur: Lilja ALFREDSDOTTIR (Iceland )
This report explores a range of challenges linked to climate change and considers recent international efforts to cope with the problem. It seeks to take stock of some of the potential costs climate changes will induce and explores several of the important trade-offs the international community confronts as it grapples with this exceedingly complex and important set of environmental changes. It will do so by surveying some of the recent work environmental scientists and economists have undertaken to assess the potential costs to the global economy of climate change, the costs of undertaking efforts to mitigate that change and the possible price tag of failing to do so. The report will also look at new economic opportunities adaptation and mitigation create and suggests that first movers may derive outsized economic advantages. It finally explores the special challenges faced in the High North and explores several of the security implications of climate change and how this might shape the security environment in which NATO member countries operate.