We are doing science for policy
The Joint Research Centre (JRC) is the European Commission's science and knowledge service which employs scientists to carry out research in order to provide independent scientific advice and support to EU policy.
The results of this study should be interpreted with care, due to the inherent uncertainties of the integrated assessment. The main limitations are listed below and discussed in greater detail within the PESETA II report. The most important of these will be addressed in future JRC research.
Furthermore, while the study presents damages under both a 2°C and Reference scenario (with and without emissions abatement respectively), the difference between the two should not be interpreted as the benefit of mitigation. This is because some of the areas that are not covered in the study (such as non-market impacts, extremes and tipping points) may have a greater effect under a Reference scenario than a 2°C scenario. In addition, a 2°C scenario may bring additional macroeconomic benefits by reducing the EU's reliance on fossil fuels and protecting against global price shocks.