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

Narita, Daiju, Tol, Richard S J and Anthoff, David (2010) Economic costs of extratropical storms under climate change: An application of FUND. Journal of Environmental Planning and Management, 53 (3). pp. 371-384. ISSN 0964-0568

Full text not available from this repository.

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.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HB Economic theory. Demography
Related URLs:
Depositing User: Richard Tol
Date Deposited: 19 Apr 2012 13:56
Last Modified: 30 Nov 2012 17:11
URI: http://sro.sussex.ac.uk/id/eprint/38255
📧 Request an update