Open Access
New Estimates of the Damage Costs of Climate Change
TLDR
In this paper, the authors derived estimates of the impact of climate change on nine world regions, for the period 2000-2200, for agriculture, forestry, water resources, energy consumption, sea level rise, ecosystems, fatal vector borne diseases, and fatal cardiovascular and respiratory disorders.Abstract:
Monetised estimates of the impact of climate change are derived. Impacts are expressed as functions of climate change and 'vulnerability'. Vulnerability is measured by a series of indicators, such as per capita income, population above 65, and economic structure. Impacts are estimated for nine world regions, for the period 2000-2200, for agriculture, forestry, water resources, energy consumption, sea level rise, ecosystems, fatal vector- borne diseases, and fatal cardiovascular and respiratory disorders. Uncertainties are large, often including sign switches. In the short term, the estimated sensitivity of a sector to climate change is found to be the crucial parameter. In the longer term, the change in the vulnerability of the sector is often more important for the total impact. Impacts can be negative or positive, depending on the time, region, and sector one is looking at. Negative impacts tend to dominate in the later years and in the poorer regions.read more
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Stern Review: The Economics of Climate Change
Siobhan Peters,Vicki Bakhshi,Alex Bowen,Catherine Cameron,Sebastian Catovsky,Di Crane,Sophie Cruickshank,Simon Dietz,Nicola Edmondson,Su-Lin Garbett,Lorraine Hamid,Gideon Hoffman,Daniel Ingram,Ben Jones,Nicole Patmore,Helene Radcliffe,Raj Sathiyarajah,Michelle Stock,Chris F. Taylor,Tamsin Vernon,Hannah Wanjie,Dimitri Zenghelis,Nicholas Stern +22 more
TL;DR: In this paper, the authors examine the evidence on the economic impacts of climate change itself, and explore the economics of stabilizing greenhouse gases in the atmosphere, concluding that the benefits of strong, early action on climate change considerably outweigh the costs.
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What Do We Learn from the Weather? The New Climate-Economy Literature
TL;DR: A rapidly growing body of research applies panel methods to examine how temperature, precipitation, and windstorms influence economic outcomes as mentioned in this paper, including agricultural output, industrial output, labor productivity, energy demand, health, conflict, and economic growth.
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The Economic Effects of Climate Change
TL;DR: Greenhouse gas emissions are fundamental both to the world's energy system and to its food production as discussed by the authors, and they are the mother of all externalities: larger, more complex, and more uncertain than any other environmental problem.
The marginal damage costs of carbon-dioxide emissions’
TL;DR: One hundred and three estimates of the marginal damage costs of carbon dioxide emissions were gathered from 28 published studies and combined to form a probability density function as mentioned in this paper, and the uncertainty is strongly right-skewed.
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Modeling global residential sector energy demand for heating and air conditioning in the context of climate change
Morna Isaac,Detlef P. van Vuuren +1 more
TL;DR: In this paper, the potential development of energy use for future residential heating and air conditioning in the context of climate change is assessed and the potential impacts on heating and cooling individually are considerable, particularly in South Asia, where energy demand for residential air conditioning could increase by around 50% due to climate change.
References
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Book
The global burden of disease: a comprehensive assessment of mortality and disability from diseases injuries and risk factors in 1990 and projected to 2020.
TL;DR: This is the first in a planned series of 10 volumes that will attempt to "summarize epidemiological knowledge about all major conditions and most risk factors" and use historical trends in main determinants to project mortality and disease burden forward to 2020.
Book
Using surveys to value public goods : the contingent valuation method
TL;DR: Mitchell and Carson as discussed by the authors argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods, an approach likely to succeed, if used carefully, where other methods may fail.
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Impure altruism and donations to public goods: a theory of warm-glow giving*
TL;DR: In this paper, the invariance proposition of public goods and the optimal tax treatment of charitable giving are discussed. And the authors show that impure altruism is more consistent with observed patterns of giving than the conventional pure altruism approach, and has policy implications that may differ widely from those of the conventional models.
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Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence
TL;DR: The authors formally developed a model of giving in which altruism is not "pure." In particular, people are assumed to get a "warm glow" from giving, and this model generates identifiable comparative statics results that show that crowding out of charity is incomplete and that government debt will have Keynesian effects.