Economic costs of extratropical storms under climate change: an application of FUND
Authors:
- Daiju NaritaDNDaiju Narita
- Richard S.J. TolRTRichard S.J. Tol
- David AnthoffDADavid Anthoff
Open Access
- 19 March 2010
- journal article
- research article
- Published by Taylor & Francis in Journal of Environmental Planning and Management
- Vol. 53 (3) , 371-384
Abstract
Extratropical cyclones have attracted some attention in climate policy circles as a possible significant damage factor of climate change. This study conducts an assessment of economic impacts of increased storm activities under climate change with the integrated assessment model FUND 3.5. In the base case, the direct economic damage of enhanced storms due to climate change amounts to US$2.8 billion globally (approximately 38% of the total economic loss of storms at present) at the year 2100, while its ratio to the world GDP is 0.0009%. The paper also shows various sensitivity runs exhibiting up to 3 times the level of damage relative to the base run.climate change, extra tropical storms, economic impact,Keywords
All Related Versions
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