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Macro-economic assessment of climate change impacts: methods and findings

Author

Listed:
  • Francesco Bosello

    (Dipartimento di Scienze e Politiche Ambientali Università degli Studi di Milano, Milano RFF-CMCC European Institute on Economics and the Environment (EIEE), and Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC), Italia)

  • Ramiro Parrado

    (RFF-CMCC European Institute on Economics and the Environment (EIEE), Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC), Italia, and Università Ca’ Foscari, Venezia, Italia)

Abstract

The paper introduces the challenges posed by the macro-economic assessment of climate change impacts and describes the main investigation methodologies used by the economic literature to address these challenges. Strengths and weaknesses f the different approaches are presented. The paper then presents the major findings from this literature providing a critical guidance in their interpretation. The paper concludes highlighting policy implications and discussing the evolution of the research developments in the future.

Suggested Citation

  • Francesco Bosello & Ramiro Parrado, 2020. "Macro-economic assessment of climate change impacts: methods and findings," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 97(01), pages 45-61.
    • Handle: RePEc:ekz:ekonoz:2020102
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    Citations

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    Cited by:

    1. Zoi Vrontisi & Ioannis Charalampidis & Ulrike Lehr & Mark Meyer & Leonidas Paroussos & Christian Lutz & Yen E. Lam-González & Anastasia Arabadzhyan & Matías M. González & Carmelo J. León, 2022. "Macroeconomic impacts of climate change on the Blue Economy sectors of southern European islands," Climatic Change, Springer, vol. 170(3), pages 1-21, February.
    2. Souleymane Diallo, 2023. "Natural resource wealth in sub-Saharan Africa: A boon for public investment in renewable energy?," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2023(2), pages 19-40.
    3. Denitsa Angelova & Andrea Bigano & Francesco Bosello & Shouro Dasgupta & Silvio Giove, 2023. "Assessing systemic climate change risk by country. Reflections from the use of composite indicators," Working Papers 2023: 28, Department of Economics, University of Venice "Ca' Foscari".

    More about this item

    Keywords

    climate change cost; climate change impacts; macro-economic assessment; social cost of carbon;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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