Dhaka, Sept. 18 -- Bangladesh is one of the countries hit hardest by climate change. A 2014 estimate placed annual losses from climate change at 2 percent of GDP by 2050. Signs of Bangladesh's vulnerability can already be seen and the human, financial, and infrastructure costs will only mount as the impacts intensify. Even though Bangladesh's contribution to climate change is minimal-less than half a percentage point of global emissions-the country would be a leader toward global abatement.

The economics of climate change refers to the study of the economic costs and benefits of climate change, and the analysis of the economic impact of actions targeting at limiting its effects. However, calculating the economics of climate change is cha...