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The implications of climate change for extreme weather events and their socio-economic consequences in Finland

Author

Listed:
  • Perrels, Adriaan
  • Veijalainen, Noora
  • Jylhä, Kirsti
  • Aaltonen, Juha
  • Molarius, Riitta
  • Porthin, Markus
  • Silander, Jari
  • Rosqvist, Tony
  • Tuovinen, Tarja

Abstract

This publication reports on the main findings of the entire TOLERATE project, which was an integrated natural science – social science project for the assessment of climate changed induced changes of extreme weather events and their social-economic consequences at a regional level. It includes regional projections of changes in climate conditions in Finland, with special reference to (short) periods with extremely abundant and extreme scant precipitation respectively. Based on these projections changes in river flood risks are assessed for two water shed areas by means of hydrological models. The resulting flood maps for events with different return times are subsequently evaluated with respect to their direct damage cost and with respect to the overall macroeconomic impacts in the region. With the aid of a group decision support system alternative flood risk mitigation options (investment alternatives) were preliminary explored with the aim to arrive at a ranking of alternatives based on a mix of criteria.

Suggested Citation

  • Perrels, Adriaan & Veijalainen, Noora & Jylhä, Kirsti & Aaltonen, Juha & Molarius, Riitta & Porthin, Markus & Silander, Jari & Rosqvist, Tony & Tuovinen, Tarja, 2010. "The implications of climate change for extreme weather events and their socio-economic consequences in Finland," Research Reports 158, VATT Institute for Economic Research.
  • Handle: RePEc:fer:resrep:158
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    File URL: https://www.doria.fi/handle/10024/148695
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    Citations

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    Cited by:

    1. Athanasios Votsis & Adriaan Perrels, 2016. "Housing Prices and the Public Disclosure of Flood Risk: A Difference-in-Differences Analysis in Finland," The Journal of Real Estate Finance and Economics, Springer, vol. 53(4), pages 450-471, November.
    2. Matthew Ranson & Lisa Tarquinio & Audrey Lew, 2016. "Modeling the Impact of Climate Change on Extreme Weather Losses," NCEE Working Paper Series 201602, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised May 2016.
    3. Honkatukia, Juha & Marttila, Kimmo, 2011. "The effects of energy taxes on energy consumption in Finland between 1995 and 2004 - An historical analysis using the VATTAGE-model," Research Reports 162, VATT Institute for Economic Research.
    4. Antti Simola & Adriaan Perrels & Juha Honkatukia, 2011. "Extreme weather events in Finland – a dynamic CGE-analysis of economic effects," EcoMod2011 2983, EcoMod.
    5. repec:eee:reensy:v:112:y:2013:i:c:p:1-7 is not listed on IDEAS
    6. repec:eee:ecoser:v:28:y:2017:i:pa:p:17-27 is not listed on IDEAS

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