Economic Impacts of Climate change (original) (raw)

Economics of Climate Change Chapter

Tribhuvan University, 2019

Climate change is a global issue that is occurring from the past and having a chance to occur in the future as well. Its impact is seen in different sector of the environment, especially, health and sanitation, floral and faunal diversity, hydroelectricity, agriculture, infrastructure, tourism, drinking water, and irrigation. Climate change is also an economic issue arising from production sector due to the emission of greenhouse gases. It had direct as well as indirect impacts on economy of a country and the world, and economic principles help to minimize climate change impacts. Climate change economics focuses on assessing monetary and non-monetary cost and benefits associated with the changing climate and its associated impacts. Loss and damage of climate change is one of the important economic aspects as loss of any physical resources and damage to property is totally related to money. It is also necessary to address climate, biodiversity, and human livelihood concerns in international level by focusing on reducing emissions from deforestation and forest degradation in developing countries. There are different economic measures to reduce greenhouse gases emission and minimize climate change and its impacts, such as command and control measures, taxation, subsidies, marketable emission permits, and emission standards. Economics of climate change adaptation focuses on allocating monetary and non-monetary resources in adapting towards adverse impacts of climate change in community and ecosystem level.

Economic Models of Climate Change

2003

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Climate Changes: Economic Impact and Implications

Economic Outlook, Scientific Research Center of the Faculty of Economics, University of Pristina, 2020

Climate changes nowadays present a topic of huge importance taking into account its influence on conducting monetary and fiscal policy, achieving and improving financial stability, but also it is a concern for regulators and supervisors. In order to have an appropriate reaction, it is necessary to identify risk from climate changes in a timely manner. Three categories of climate-related risks can be identified: 1) physical risks which are associated with more frequent severe weather events and permanent changes in the environment, 2) transition risks that represent the policies and technological changes needed to achieve a greener economy, and 3) liability risk which represents the impacts that could arise tomorrow if parties who have suffered loss or damage from the effects of climate change seek compensation from those they hold responsible. As a way to achieve satisfactory results in the fight against climate change risks, the financial institutions developed climate change risk management approaches, which include a variety of methods and instruments. The aim of this paper is the presentation of impact and implication regarding climate change regulations, identification of the risks and its management approaches, as well as economic cost and proposals for future action

The Economics of Climate Change

American Economic Review, 2008

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. Climate change economics attends to this issue by offering theoretical insights and empirical findings relevant to the design of policies to reduce, avoid, or adapt to climate change. This economic analysis has yielded new estimates of mitigation benefits, improved understanding of costs in the presence of various market distortions or imperfections, better tools for making policy choices under uncertainty, and alternate mechanisms for allowing flexibility in policy responses. These contributions have influenced the formulation and implementation of a range of climate change policies at the domestic and international levels.

The Economics of Global Climate Change: A Historical Literature Review

Review of Economics, 2014

We review the literature on the economics of climate change with a focus on the evolution of the literature from some of the early classic papers to the latest contributions. We divide the paper into three main sections: trends in greenhouse gas emissions, mitigation, and adaptation.

Integration of Climate Change into Economic Theory: Reviewing the Global Process

With climate change appearing on the horizon of economic theory and analytical research, it becomes imperative that the links are traced to the origin of the connection between the climate change and economics. Climate change traditionally, is a subject for meteorologists, ecologist and marine biologists. When economist and financial experts, start debating climate change, it means that the subject matter now includes costs and finance; income distribution; and factors of production. Energy resource and fossil fuels are the focus for this discussion as these are linked to: CO2 emissions and other Green House Gases (GHG) emissions and the abatement costs of these emissions.

On climate change and economic analysis

Climatic Change, 1987

Climatic change and its societal impacts have been a topic of considerable concern over the last decade. Economic analysis would seem to have much to contribute to society's understanding of the importance of this issue, yet the contributions of prior analyses have been limited. Consideration from a decisionanalytic perspective suggests that more useful insights could be gained by evaluating the effects of a changing (rather than changed) climate and the potential adaptations of society to that changing climate. Linking physical and economic models of differing levels of aggregation can be useful in analyzing a changing climate.

A review of research on economic impacts of climate change

Research Report Agribusiness Economics Research Unit Lincoln University, 2009

CHAPTER 1 INTRODUCTION CHAPTER 2 IPCC EMISSIONS SCENARIOS 2.1 Emissions scenario families 2.2 SRES and climate change 2.3 Impacts on global agricultural production 2.4 Impact on forestry 2.5 Projected changes for New Zealand's pasture production 2.6 Summary of climate change impacts CHAPTER 3 CURRENTLY AVAILABLE MITIGATION TECHNOLOGIES 3.1 Mitigation of gases 3.2 Methane capture 3.3 Sequestration CHAPTER 4 CONSUMER RESPONSES 4.1 Environmental impacts 4.2 Willingness to pay 4.3 Consumer variables and preferences 4.4 Supply chain issues 4.