How Much Damage Will Climate Change Do?
AbstractTwo reasons to be concerned about climate change are its unjust distributional impact and its negative aggregate effect on economic growth and welfare. Although our knowledge of the impact of climate change is incomplete and uncertain, economic valuation is difficult and controversial, and the effect of other developments on the impacts of climate change is largely speculative, the authors find that poorer countries and people are more vulnerable than are richer countries and people. A modest global warming is likely to have a net negative effect on poor countries in hot climates, but may have a net positive effect on rich countries in temperate climates. If one counts dollars, the world aggregate may be positive. If one counts people, the world aggregate is probably negative. Negative impacts would become more negative, and positive impacts would turn negative for more substantial warming. The marginal costs of carbon dioxide emissions are uncertain and sensitive to assumptions that partially reflect ethical positions, but are unlikely to be larger than $50 per tonne carbon.
Download InfoIf 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.
Bibliographic InfoArticle provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.
Volume (Year): 1 (2000)
Issue (Month): 4 (October)
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Whalley, John & Yuan, Yufei, 2009.
"Global financial structure and climate change,"
Journal of Financial Transformation,
Capco Institute, vol. 25, pages 161-168.
- Roberto Roson & Francesco Bosello & Andrea Bigano & Richard S.J. Tol, 2008.
"Economy-Wide Impacts of Climate Change: A Joint Analysis for Sea Level Rise and Tourism,"
2008_06, Department of Economics, University of Venice "Ca' Foscari".
- Andrea Bigano & Francesco Bosello & Roberto Roson & Richard Tol, 2008. "Economy-wide impacts of climate change: a joint analysis for sea level rise and tourism," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(8), pages 765-791, October.
- Richard S. J. Tol, 2009. "The Economic Effects of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 29-51, Spring.
- Kverndokk, Snorre & Rose, Adam, 2008.
"Equity and Justice in Global Warming Policy,"
International Review of Environmental and Resource Economics,
now publishers, vol. 2(2), pages 135-176, October.
- Snorre Kverndokk & Adam Rose, 2008. "Equity and Justice in Global Warming Policy," Working Papers 2008.80, Fondazione Eni Enrico Mattei.
- Kverndokk, Snorre & Rose, Adam, 2008. "Equity and justice in global warming policy," MPRA Paper 24272, University Library of Munich, Germany.
- Kverndokk, Snorre & Rose , Adam, 2008. "Equity and Justice in Global Warming Policy," Memorandum 21/2008, Oslo University, Department of Economics.
- Tol, Richard S. J., 2008.
"The Economic Impact of Climate Change,"
WP255, Economic and Social Research Institute (ESRI).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ed Jones).
If references are entirely missing, you can add them using this form.