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Assessing the economic impacts of climate change / Francesco Bosello, Fabio Eboli and Roberta Pierfederici. FEEM, Jan. 2012, 29 p. (Nota di Lavoro 2.2012)http://www.feem.it/userfiles/attach/201223111664NDL2012-002.pdfThe present research describes a climate change integrated impact assessment exercise, whose economic evaluation is based on a CGE approach and modeling effort. Estimates indicate that a temperature increase of 1.92°C compared to pre-industrial levels in 2050 (consistent with the A1B IPCC SRES scenario) could lead to global GDP losses of approximately 0.5% compared to a hypothetical scenario where no climate change is assumed to occur. Northern Europe is expected to slightly benefit (+0.18%), while Southern and Eastern Europe are expected to suffer from the climate change scenario under analysis (-0.15% and -0.21% respectively). Most vulnerable countries are the less developed regions, such as South Asia, South-East Asia, North Africa and Sub-Saharan Africa. (© Bosello)