Economics at your fingertips  


Gary Yohe (), Jacqueline Willwerth (), James E. Neumann () and Zoe Kerrich ()
Additional contact information
Jacqueline Willwerth: #x2020;Industrial Economics, Inc., 2067 Massachusetts Ave. Cambridge, MA 02140, USA
James E. Neumann: #x2020;Industrial Economics, Inc., 2067 Massachusetts Ave. Cambridge, MA 02140, USA
Zoe Kerrich: #x2020;Industrial Economics, Inc., 2067 Massachusetts Ave. Cambridge, MA 02140, USA

Climate Change Economics (CCE), 2020, vol. 11, issue 04, 1-24

Abstract: The text and associated Supplemental Materials contribute internally consistent and therefore entirely comparable regional, temporal, and sectoral risk profiles to a growing literature on regional economic vulnerability to climate change. A large collection of maps populated with graphs of Monte-Carlo simulation results support a communication device in this regard — a convenient visual that we hope will make comparative results tractable and credible and resource allocation decisions more transparent. Since responding to climate change is a risk-management problem, it is important to note that these results address both sides of the risk calculation. They characterize likelihood distributions along four alternative emissions futures (thereby reflecting the mitigation side context); and they characterize consequences along these transient trajectories (which can thereby inform planning for the iterative adaptation side). Looking across the abundance of sectors that are potentially vulnerable to some of the manifestations of climate change, the maps therefore hold the potential of providing comparative information about the magnitude, timing, and regional location of relative risks. This is exactly the information that planners who work to protect property and public welfare by allocating scarce resources across competing venues need to have at their disposal — information about relative vulnerabilities across time and space and contingent on future emissions and future mitigation. It is also the type of information that integrated assessment researchers need to calibrate and update their modeling efforts — scholars who are exemplified by Professor Nordhaus who created and exercised the Dynamic Integrated Climate-Economy and Regional Integrated Climate-Economy models.

Keywords: Climate change; damages; uncertainty; distributions; sector; region; United States; temperature; mitigation (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Access to full text is restricted to subscribers

Related works:
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:

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2010007820400023

Access Statistics for this article

Climate Change Economics (CCE) is currently edited by Robert Mendelsohn

More articles in Climate Change Economics (CCE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

Page updated 2021-12-12
Handle: RePEc:wsi:ccexxx:v:11:y:2020:i:04:n:s2010007820400023