Anthoff, David, Estrada, Francisco and Tol, Richard S J (2016) Shutting down the thermohaline circulation. American Economic Review, 106 (5). pp. 602-606. ISSN 0002-8282

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Abstract

Past climatic changes were caused by a slowdown of the thermohaline circulation. We use results from experiments with three climate models to show that the expected cooling due to a slowdown of the thermohaline circulation is less in magnitude than the expected warming due to increasing greenhouse gas concentrations. The integrated assessment model FUND and a meta-analysis of climate impacts are used to evaluate the change in human welfare. We find modest but by and large positive effects on human welfare since a slowdown of the thermohaline circulation implies decelerated warming.

Item Type:	Article
Schools and Departments:	School of Business, Management and Economics > Economics
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HB Economic theory. Demography
Depositing User:	Richard Tol
Date Deposited:	13 May 2016 09:11
Last Modified:	13 May 2016 09:11
URI:	http://srodev.sussex.ac.uk/id/eprint/60885

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