Rising Temperatures, Melting Incomes: Country-Specific Macroeconomic Effects of Climate Scenarios

Kamiar Mohaddes and Mehdi Raissi

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: We estimate country-specific annual per-capita GDP losses from global warming using the most recent climate scenarios of the Intergovernmental Panel on Climate Change (IPCC) under different mitigation, adaptation, and climate variability assumptions. Our results indicate that without significant mitigation and adaptation efforts, global GDP per capita could decline by up to 24 percent under the high-emissions climate scenarios by 2100. These income losses vary significantly across the 174 countries in our sample, depending on the projected paths of temperatures and their variability.

Keywords: adaptation; Climate Change; counterfactual analysis; Economic Growth; Mitigation (search for similar items in EconPapers)
JEL-codes: C33 O40 O44 Q51 Q54 (search for similar items in EconPapers)
Date: 2024-06-04
New Economics Papers: this item is included in nep-env, nep-gro and nep-int
Note: km418
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econ.cam.ac.uk/sites/default/files/pub ... pe-pdfs/cwpe2429.pdf

Related works:
Working Paper: Rising Temperatures, Melting Incomes: Country-Specific Macroeconomic Effects of Climate Scenarios (2024)
Working Paper: Rising Temperatures, Melting Incomes: Country-Specific Macroeconomic Effects of Climate Scenarios (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:2429

Access Statistics for this paper

More papers in Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
Bibliographic data for series maintained by Jake Dyer ().