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

Kamiar Mohaddes and Mehdi Raissi

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

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: climate change; economic growth; mitigation; adaptation; counterfactual analysis (search for similar items in EconPapers)
JEL-codes: C33 O40 O44 Q51 Q54 (search for similar items in EconPapers)
Pages: 82 pages
Date: 2024-06
New Economics Papers: this item is included in nep-agr and nep-env
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https://cama.crawford.anu.edu.au/sites/default/fil ... _mohaddes_raissi.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)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2024-42

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