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Climate Change Impacts and Adaptation Strategies In Italy. An Economic Assessment

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Author Info
Alessandra Sgobbi (Fondazione Eni Enrico Mattei)
Carlo Carraro (University of Venice, Fondazione Eni Enrico Mattei, CEPR, CEPS, CMCC and CESifo)

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Abstract

In this paper, the economic value of the impacts of climate change is assessed for different Italian economic sectors and regions. Sectoral and regional impacts are then aggregated to provide a macroeconomic estimate of variations in GDP induced by climate change in the next decades. Autonomous adaptation induced by changes in relative prices and in stocks of natural and economic resources is fully taken into account. The model also considers international trade effects. Results show that in Italy aggregate GDP losses induced by climate change are likely to be small. However, some economic sectors (e.g. tourism) and the alpine regions will suffer significant economic damages.

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Publisher Info
Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2008.6.

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Date of creation: Jan 2008
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Handle: RePEc:fem:femwpa:2008.6

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Related research
Keywords: Impacts; Climate Change; Adaptation; GDP Losses; Tourism;

Find related papers by JEL classification:
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
R13 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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