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Damage costs of climate change through intensification of tropical cyclone activities: An application of fund
journal contribution
posted on 2023-06-08, 11:05 authored by Daiju Narita, Richard TolRichard Tol, David AnthoffClimate change may intensify tropical cyclone activities and amplify their negative economic effects. We simulated the direct economic impact of tropical cyclones enhanced by climate change with the integrated assessment model Climate Framework for Uncertainty, Negotiation and Distribution (FUND), Version 3.4. The results show that in the basic case (parameter levels based on intermediate estimates), the direct economic damage caused by tropical cyclones ascribed to the effect of climate change would amount to US$19 billion globally in the year 2100 (almost the same level as the baseline, i.e. current global damage of tropical cyclones), while the ratio to world gross domestic product (GDP) would be 0.006%. The USA and China account for much of the absolute damage, whereas Small Island States incur the largest damage if evaluated as the proportion of GDP. Model results were sensitive to the choice of baseline and of the wind-speed elasticity of storm damage.
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Publication status
- Published
Journal
Climate Research (CR)ISSN
0936-577XPublisher
Inter ResearchExternal DOI
Issue
2Volume
39Page range
87-97Department affiliated with
- Economics Publications
Full text available
- No
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- Yes
Legacy Posted Date
2012-04-23Usage metrics
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