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Extending integrated assessment models' damage functions to include adaptation and dynamic sensitivity
journal contribution
posted on 2023-06-09, 18:45 authored by Francesco Estrada, Richard TolRichard Tol, W J Wouter BotzenThrough stylized damage functions, Integrated Assessment Models (IAMs) provide estimates of the economic costs that would occur for absolute changes in global temperature. In these damage functions, adaptation, sensitivity and their interactions are often combined in an intractable way. In this theoretical study we propose a new type of damage functions that allows mapping economic losses in terms of how extreme global temperature changes are in relation to a coping range representing the capacity of a system to deal with the climate conditions experience data particular period of time. In these new damage functions, which can be applied to the regional and global scales, adaptation to a changing climate is introduced by allowing the reference climate to be a function of time instead of a fixed quantity. Different formulations of damage functions discussed in the literature arise as special cases.
History
Publication status
- Published
Journal
Environmental Modelling & SoftwareISSN
1364-8152Publisher
ElsevierExternal DOI
Volume
121Page range
1-10Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-08-23First Compliant Deposit (FCD) Date
2019-08-22Usage metrics
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