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Climate Change Impacts and Adaptation Strategies In Italy. An Economic Assessment

Alessandra Sgobbi and Carlo Carraro ()

No 2008.6, Working Papers from Fondazione Eni Enrico Mattei

Abstract: In this paper, the economic value of the impacts of climate change is assessed for different Italian economic sectors and regions. Sectoral and regional impacts are then aggregated to provide a macroeconomic estimate of variations in GDP induced by climate change in the next decades. Autonomous adaptation induced by changes in relative prices and in stocks of natural and economic resources is fully taken into account. The model also considers international trade effects. Results show that in Italy aggregate GDP losses induced by climate change are likely to be small. However, some economic sectors (e.g. tourism) and the alpine regions will suffer significant economic damages.

Keywords: Impacts; Climate Change; Adaptation; GDP Losses; Tourism (search for similar items in EconPapers)
JEL-codes: O13 Q43 Q5 R13 (search for similar items in EconPapers)
Date: 2008-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-tur
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