Possible economic impacts of a shutdown of the thermohaline circulation: an application of FUND
Peter Link () and
Richard Tol ()
Portuguese Economic Journal, 2004, vol. 3, issue 2, 99-114
Abstract. Climate change can lead to a substantial reduction of the strength of the thermohaline circulation in the world oceans. This is often thought to have severe consequences particularly on the North Atlantic region and Northern and Western Europe. The integrated assessment model FUND is used to estimate the extent of these impacts. The results indicate that, owing to a slower warming (rather than cooling) of the regions most affected by a thermohaline circulation collapse, climate change induced damages in these regions would be smaller in case of a shutdown of the thermohaline circulation. However, even with a thermohaline circulation collapse, the total and marginal impacts of climate change are negative.
Keywords: Climate change; Climate change impacts; Thermohaline circulation; Integrated assessment (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10258-004-0033-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Working Paper: Possible Economic Impacts of a Shutdown of the Thermohaline Circulation: an Application of FUND (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:portec:v:3:y:2004:i:2:d:10.1007_s10258-004-0033-z
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10258/PS2
Access Statistics for this article
Portuguese Economic Journal is currently edited by Luís F. Costa
More articles in Portuguese Economic Journal from Springer, Instituto Superior de Economia e Gestao
Bibliographic data for series maintained by Sonal Shukla ().