EconPapers    
Economics at your fingertips  
 

The economic impact of a shutdown of the Thermohaline Circulation: an application of FUND

Peter Link () and Richard Tol ()

No FNU-103, Working Papers from Research unit Sustainability and Global Change, Hamburg University

Abstract: The integrated assessment model FUND 2.8n is applied in an analysis of the overall economic consequences in a scenario of a shutdown of the thermohaline circulation (THC). Monetized market and non-market impacts of changes in environmental conditions following a THC collapse are determined for 207 individual countries. Eight different response patterns can be identified. The dominant pattern is that a THC shutdown has an offsetting effect on the underlying warming trend. Depending on whether the impacts of warming are initially beneficial or detrimental, the economic effects of a THC collapse show distinct regional variability. Key economic sectors affected in a THC shutdown scenario are water resources and energy consumption, as well as cardiovascular and respiratory diseases among health impacts. The maximum, national impact of a collapse of the THC turns out to be of the magnitude of a few per cent of GDP, but the global impact is much smaller. Considering the low probability of occurrence, a THC shutdown does not call for drastic action at present.

Keywords: Fisheries; climate change (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2006-05, Revised 2006-05
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.fnu.zmaw.de/fileadmin/fnu-files/publica ... ng_Paper_FNU-103.pdf First version, 2006 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.fnu.zmaw.de:80 (No such host is known. )

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: https://EconPapers.repec.org/RePEc:sgc:wpaper:103

Access Statistics for this paper

More papers in Working Papers from Research unit Sustainability and Global Change, Hamburg University Contact information at EDIRC.
Bibliographic data for series maintained by Uwe Schneider (). This e-mail address is bad, please contact .

 
Page updated 2020-04-01
Handle: RePEc:sgc:wpaper:103