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Economic costs of extratropical storms under climate change: An application of FUND

journal contribution
posted on 2023-06-08, 11:05 authored by Daiju Narita, Richard TolRichard Tol, David Anthoff
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.

History

Publication status

  • Published

Journal

Journal of Environmental Planning and Management

ISSN

0964-0568

Publisher

Taylor & Francis

Issue

3

Volume

53

Page range

371-384

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-04-19

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