Extratropical cyclones have attracted some attention in climate policy circles as a possible significant damage factor of climate change. This study conducts an assessment of economic impacts of increased storm activities under climate change with the integrated assessment model FUND 3.4. In the base case, the direct economic damage of enhanced storms due to climate change amounts to $2.4 billion globally (approximately 35% of the total economic loss of storms at present) at the year 2100, while its ratio to the world GDP is 0.0007%. The paper also shows various sensitivity runs exhibiting up to 4 times the level of damage relative to the base run.
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Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number
WP274.
Length: 29 pages Date of creation: Jan 2009 Date of revision: Handle: RePEc:esr:wpaper:wp274
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Anthoff, David & Tol, Richard S. J. & Yohe, Gary W., 2009.
"Discounting for Climate Change,"
Papers
WP276, Economic and Social Research Institute (ESRI).
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