Climate Impacts in Europe - The JRC PESETA II Project
Amit Kumar Srivastava,
Benjamin Van Doorslaer,
Salvador Barrios (),
Daniele de Rigo,
Denise Van Regemorter,
Toon Vandyck (),
Zoi Vrontisi (),
Filipe Batista e Silva and
MPRA Paper from University Library of Munich, Germany
The objective of the JRC PESETA II project is to gain insights into the sectoral and regional patterns of climate change impacts in Europe by the end of this century. The study uses a large set of climate model runs and impact categories (ten impacts: agriculture, energy, river floods, droughts, forest fires, transport infrastructure, coasts, tourism, habitat suitability of forest tree species and human health). The project integrates biophysical direct climate impacts into a macroeconomic economic model, which enables the comparison of the different impacts based on common metrics (household welfare and economic activity). Under the reference simulation the annual total damages would be around €190 billion/year, almost 2% of EU GDP. The geographical distribution of the climate damages is very asymmetric with a clear bias towards the southern European regions. More than half of the overall annual EU damages are estimated to be due to the additional premature mortality (€120 billion). Moving to a 2°C world would reduce annual climate damages by €60 billion, to €120 billion (1.2% of GDP).
Keywords: Environmental economics; greenhouse gas emissions reduction; green tax reform; energy tax; energy-intensive sectors; competitiveness; multi-sectoral; computable general equilibrium model (CGE); scenario-building techniques; climate change impacts and adaptation assessment; data-transformation modelling; integrated modelling; Semantic Array Programming; Relative distance similarity; Europe; Agriculture; Forest; Tourism; Tipping points; Water resources; Coastline; Transport infrastructure; Forest Fires; River floods; Human health; Tree species habitat suitability; Sea level rise; Droughts (search for similar items in EconPapers)
JEL-codes: C15 C6 Q1 Q4 Q5 Q51 Q54 Q56 Q57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-cmp
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Working Paper: Climate Impacts in Europe. The JRC PESETA II Project (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55725
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