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This document summarizes the legal and economic issues surrounding state responsibility and compensation for climate change damages. It argues that under customary international law, countries are responsible for not causing harm to other countries. Climate change impacts could fall under this rule. The document estimates the potential economic compensation the OECD may need to pay developing countries ranges from less than 1% to over 4% of GDP, exceeding direct costs of climate change to the OECD. Key issu

Author

Cintia Dias

Language

EN