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: Large, irreversible changes in climate may have a major effect on the economies of the world. The social costs of climate change will vary dramatically from country to country. This landmark assessment from Working Group III of the IPCC addresses the costs of climate change, both in terms of society and equity issues, and the economic burden of combating adverse climate change. The editors assess the response options, the applicability of cost-benefit analysis to climate change, and the costs faced by the many countries committed to limit greenhouse gas emissions by the year 2000. This exhaustive analysis will be invaluable for the international community of policy makers concerned with the consequences of climate change.