Work

Climate change and economic growth: impacts and interactions

Year: 2012

Type: article

Abstract: An integrated assessment model (ENVISAGE), including a CGE-based economic module and a climate module, is used to assess the effects of a variety of economic impacts induced by climate change. These impacts include: sea level rise, variations in crop yields, water availability, human health, tourism, energy demand. Two scenarios are compared: a baseline growth path, disregarding any climate change effect, and a counterfactual case, accounting for the impacts. The model assesses the overall magnitude of the impacts, their regional distribution, and the contribution of each specific impact to the overall variation of income and welfare. Results (e.g., on real GDP) show that climate change impacts are substantial, especially for developing countries and in the long run, so that mitigation/adaptation policies are needed to make economic growth sustainable.

Source: International Journal of Sustainable Economy

DOI: 10.1504/ijse.2012.047933

Authors: Roberto Roson, Dominique Van der Mensbrugghe

Institutions: Ca' Foscari University of Venice, Food and Agriculture Organization of the United Nations

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Decent work and economic growth

Open Access status: green

OpenAlex ID: W3124298232

FWCI: 25.25

Cites: 24

Cited by: 186

Related to: 10