Assessing the Economic Impacts of Climate Change

Francesco Bosello, Fabio Eboli and Roberta Pierfederici
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Fabio Eboli: FEEM, CMCC
Roberta Pierfederici: FEEM, CMCC

Review of Environment, Energy and Economics - Re3, 2012

Abstract: The present research describes a climate change integrated impact assessment exercise, whose economic evaluation is based on a CGE approach and modeling effort. Estimates indicate that a temperature increase of 1.92°C compared to pre-industrial levels in 2050 (consistent with the A1B IPCC SRES scenario) could lead to global GDP losses of approximately 0.5% compared to a hypothetical scenario where no climate change is assumed to occur. Northern Europe is expected to slightly benefit (+0.18%), while Southern and Eastern Europe are expected to suffer from the climate change scenario under analysis (-0.15% and -0.21% respectively). Most vulnerable countries are the less developed regions, such as South Asia, South-East Asia, North Africa and Sub-Saharan Africa.

Keywords: Computable General Equilibrium Modeling; Impact Assessment; Climate Change (search for similar items in EconPapers)
JEL-codes: C68 Q51 Q54 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (67)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femre3:2012.02-03

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