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On the representation of impact in integrated assessment models of climate change
journal contribution
posted on 2023-06-08, 11:10 authored by Richard TolRichard Tol, Samuel FankhauserThe paper provides an overview of attempts to represent climate change impact in over twenty integrated assessment models (IAMs) of climate change. Focusing on policy optimization IAMs, the paper critically compares modeling solutions, discusses alternatives and outlines important areas for improvement. Perhaps the most crucial area of improvement concerns the dynamic representation of impact, where more credible functional forms need to be developed to express time-dependent damage as a function of changing socio-economic circumstances, vulnerability, degree of adaptation, and the speed as well as the absolute level of climate change.
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Publication status
- Published
Journal
Environmental Modeling and AssessmentISSN
1420-2026Publisher
Springer VerlagExternal DOI
Issue
1-2Volume
3Page range
63-74Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-04-18Usage metrics
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