The long time scales of the climate–economy feedback and the climatic cost of growth

Stephane Hallegatte

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Abstract: This paper is based on the perception that the inertia of climate and socio-economic systems are key parameters in the climate change issue. In a first part, it develops and implements a new approach based on a simple integrated model with a particular focus on an innovative transient impact and adaptation modeling. In a second part, a climate–economy feedback is defined and characterized. The following results were found. 1) It has a long characteristic time, which lies between 50 and 100 years depending on the hypotheses; this time scale is long when compared to the system's other time scales, and the feedback cannot act as a natural damping process of climate change. 2) Mitigation has to be anticipated since the feedback of an emission reduction on the economy can be significant only after a 20-year delay and is really efficient only after at least 50 years. 3) Even discounted, production changes due to an action on emissions are significant over more than one century. 4) The methodology of the Intergovernmental Panel on Climate Change (IPCC), which neglects the feedback from impacts to emissions, is acceptable up to 2100, whatever is the level of impacts. This analysis allows also to define a climatic cost of growth as the additional climate change damages due to the additional emissions linked to economic growth.

Keywords: climate change; impacts; economic growth; feedback analysis (search for similar items in EconPapers)
Date: 2005-10-05
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Citations: View citations in EconPapers (12)

Published in Environmental Modelling and Assessment, 2005, 10 (4), pp.277-289. ⟨10.1007/s10666-005-9013-7⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00008707

DOI: 10.1007/s10666-005-9013-7

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