IDEAS home Printed from https://ideas.repec.org/a/taf/jenpmg/v53y2010i3p371-384.html

Economic costs of extratropical storms under climate change: an application of FUND

Author

Listed:
  • Daiju Narita
  • Richard Tol
  • David Anthoff

Abstract

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 3.5. In the base case, the direct economic damage of enhanced storms due to climate change amounts to US$2.8 billion globally (approximately 38% of the total economic loss of storms at present) at the year 2100, while its ratio to the world GDP is 0.0009%. The paper also shows various sensitivity runs exhibiting up to 3 times the level of damage relative to the base run.

Suggested Citation

  • Daiju Narita & Richard Tol & David Anthoff, 2010. "Economic costs of extratropical storms under climate change: an application of FUND," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 53(3), pages 371-384.
    • Handle: RePEc:taf:jenpmg:v:53:y:2010:i:3:p:371-384
    DOI: 10.1080/09640561003613138
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09640561003613138
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09640561003613138?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or

    for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, July.
    2. Frances Ruane & Xiaoheng Zhang, 2007. "Location Choices of the Pharmaceutical Industry in Europe after 1992," The Institute for International Integration Studies Discussion Paper Series iiisdp220, IIIS.
    3. Se n Lyons & Karen Mayor & Richard S.J. Tol, 2008. "Environmental Accounts for the Republic of Ireland: 1990-2005," Papers WP223, Economic and Social Research Institute (ESRI).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Tol, 2011. "Regulating knowledge monopolies: the case of the IPCC," Climatic Change, Springer, vol. 108(4), pages 827-839, October.
    2. McGuinness, Seamus & Sloane, Peter J., 2011. "Labour market mismatch among UK graduates: An analysis using REFLEX data," Economics of Education Review, Elsevier, vol. 30(1), pages 130-145, February.
    3. Anne Nolan, 2009. "Eligibility for Free Primary Care and Avoidable Hospitalisations in Ireland," Papers WP296, Economic and Social Research Institute (ESRI).
    4. Duffy, David & Lunn, Peter D., 2009. "The Misperception of Inflation by Irish Consumers," The Economic and Social Review, Economic and Social Studies, vol. 40(2), pages 139-163.
    5. Mavromaras, Kostas & McGuinness, Seamus, 2012. "Overskilling dynamics and education pathways," Economics of Education Review, Elsevier, vol. 31(5), pages 619-628.
    6. Tol, Richard S. J., 2009. "The Feasibility of Low Concentration Targets: An Application of FUND," Papers WP285, Economic and Social Research Institute (ESRI).
    7. Whelan, Christopher T. & Maitre, Bertrand, 2008. "Comparing Poverty Indicators in an Enlarged EU," Papers WP263, Economic and Social Research Institute (ESRI).
    8. Leahy, Eimear & Lyons, Se n & Tol, Richard S. J., 2011. "Determinants of Vegetarianism and Partial Vegetarianism in Ireland," Papers WP369, Economic and Social Research Institute (ESRI).
    9. Tol, Richard S.J., 2009. "Intra- and extra-union flexibility in meeting the European Union's emission reduction targets," Energy Policy, Elsevier, vol. 37(11), pages 4329-4336, November.
    10. Anne Marie Gleeson & Frances Ruane, 2009. "Exporting and Ownership Contributions to Irish Manufacturing Productivity Growth," Papers WP297, Economic and Social Research Institute (ESRI).
    11. Christopher T. Whelan & Bertrand Maitre, 2008. "Europeanisation of Inequality and European Reference Groups," Papers WP235, Economic and Social Research Institute (ESRI).
    12. Luke M. Brander & Katrin Rehdanz & Richard S. J. Tol & Pieter J. H. Van Beukering, 2012. "The Economic Impact Of Ocean Acidification On Coral Reefs," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-29.
    13. Barrett, Alan & Kelly, Elish, 2008. "Using a Census to Assess the Reliability of a National Household Survey for Migration Research: The Case of Ireland," IZA Discussion Papers 3689, IZA Network @ LISER.
    14. Alan Barrett & Yvonne McCarthy, 2008. "Immigrants and welfare programmes: exploring the interactions between immigrant characteristics, immigrant welfare dependence, and welfare policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(3), pages 543-560, Autumn.
    15. Richard S. J. Tol, 2012. "Shapley values for assessing research production and impact of schools and scholars," Scientometrics, Springer;Akadémiai Kiadó, vol. 90(3), pages 763-780, March.
    16. Nolan, Anne, 2008. "A Dynamic Analysis of Household Car Ownership in Ireland," Papers WP269, Economic and Social Research Institute (ESRI).
    17. Christopher T. Whelan & Brian Nolan & Bertrand Maitre, 2008. "Measuring Material Deprivation in the Enlarged EU," Papers WP249, Economic and Social Research Institute (ESRI).
    18. Macagno, Giulia & Loureiro, Maria L. & Nunes, Paulo A.L.D. & Tol, Richard S.J., 2009. "Assessing the Impact of Biodiversity on Tourism Flows: A model for Tourist Behaviour and its Policy Implications," Sustainable Development Papers 50406, Fondazione Eni Enrico Mattei (FEEM).
    19. Sean Lyons, 2014. "Timing and determinants of local residential broadband adoption: evidence from Ireland," Empirical Economics, Springer, vol. 47(4), pages 1341-1363, December.
    20. Tol, Richard S. J., 2010. "The Research Output of Business Schools and Business Scholars in Ireland," Papers WP364, Economic and Social Research Institute (ESRI).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jenpmg:v:53:y:2010:i:3:p:371-384. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJEP20 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.