This update from our TEEB study presents a sub-set of early conclusions which relate to climate change. A fuller report on these and several other areas of relevance to national and international policy-makers will be published in November 2009. However, in view of the climate change conference in Copenhagen, Denmark, in December 2009, we thought it appropriate to publish our climate-related conclusions and recommendations more urgently for policy-makers, negotiators, and the general public.