Advanced Search
MyIDEAS: Login

The Economic Costs of Climate Change

Contents:

Author Info

  • Claudia Kemfert

Abstract

International experts agree that the emission of greenhouse gases by mankind is rising further and further, and causing climate change. This can clearly be seen in the rise in the average global temperature and sea level. It is also evident in the increase in extreme weather events and natural catastrophes, which are causing enormous economic damage. If the global temperature changes by 1 degree Celsius economic damage of up to 2 trillion US dollars is possible in 2050. If greenhouse gas emissions are not reduced enough to prevent such a rise in temperature, altogether damage from natural catastrophes amounting to 137 billion euros could be caused in Germany by the year 2050. With optimal cooperation from the main emitters - Europe, Russia and the United States - the costs of reducing greenhouse gas emissions could be minimised. By offering emission rights for sale Russia would gain from climate policy, its participation could bring a revenue of up to 20 billion US dollars over a period of four years (2008 to 2012). So Russia is well advised to ratify the Kyoto Protocol.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.42861.de/diw_wr_2005-2.pdf
Download Restriction: no

Bibliographic Info

Article provided by DIW Berlin, German Institute for Economic Research in its journal Weekly Report.

Volume (Year): 1 (2005)
Issue (Month): 2 ()
Pages: 43-49

as in new window
Handle: RePEc:diw:diwwrp:wr1-2

Contact details of provider:
Postal: Mohrenstraße 58, D-10117 Berlin
Phone: xx49-30-89789-0
Fax: xx49-30-89789-200
Email:
Web page: http://www.diw.de/en
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Medel, Carlos A., 2011. "The Effects of Global Warming on Fisheries," MPRA Paper 28373, University Library of Munich, Germany.
  2. Silvio Schmidt & Claudia Kemfert & Peter Höppe, 2008. "The Impact of Socio-economics and Climate Change on Tropical Cyclone Losses in the USA," Discussion Papers of DIW Berlin 824, DIW Berlin, German Institute for Economic Research.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:diw:diwwrp:wr1-2. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.