This paper provides an overview of how economists think about climate change impacts with a focus on Asia. It is designed to discuss the steps along the causal chain from physical impacts to impacts on human and natural systems. It starts with a summary of the projected physical impacts of...

This paper proposes a simple two-step estimation method (Climate Adaptive Response Estimation - CARE) to estimate sectoral climate damage functions, which account for long- run adaptation. The paper applies this method in the context of residential electricity and natural gas demand for the...

Climate change poses many new risks to people in the developing world. Unlike in standard choice under uncertainty problems, the risks from climate change are both ambiguous and non-stationary. We examine climate projections concerning what scenarios are most likely to unfold. We explore how...