The Impact of Climate Change on the United States Economy

The Impact of Climate Change on the United States Economy
Author :
Publisher : Cambridge University Press
Total Pages : 348
Release :
ISBN-10 : 0521607698
ISBN-13 : 9780521607698
Rating : 4/5 (98 Downloads)

Synopsis The Impact of Climate Change on the United States Economy by : Robert Mendelsohn

Applies advanced new economics methodologies to assess possible impacts of climate change on the US economy; for graduate students, researchers and policymakers.

Economic Risks of Climate Change

Economic Risks of Climate Change
Author :
Publisher : Columbia University Press
Total Pages : 381
Release :
ISBN-10 : 9780231539555
ISBN-13 : 023153955X
Rating : 4/5 (55 Downloads)

Synopsis Economic Risks of Climate Change by : Trevor Houser

Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Author :
Publisher : International Monetary Fund
Total Pages : 59
Release :
ISBN-10 : 9781513514598
ISBN-13 : 1513514598
Rating : 4/5 (98 Downloads)

Synopsis Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis by : Matthew E. Kahn

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables—defined as deviations of temperature and precipitation from their historical norms. Using a panel data set of 174 countries over the years 1960 to 2014, we find that per-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but we do not obtain any statistically significant effects for changes in precipitation. Our counterfactual analysis suggests that a persistent increase in average global temperature by 0.04°C per year, in the absence of mitigation policies, reduces world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the temperature increase to 0.01°C per annum, reduces the loss substantially to about 1 percent. These effects vary significantly across countries depending on the pace of temperature increases and variability of climate conditions. We also provide supplementary evidence using data on a sample of 48 U.S. states between 1963 and 2016, and show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labor productivity and employment.

Review of the Draft Fourth National Climate Assessment

Review of the Draft Fourth National Climate Assessment
Author :
Publisher : National Academies Press
Total Pages : 207
Release :
ISBN-10 : 9780309471695
ISBN-13 : 0309471699
Rating : 4/5 (95 Downloads)

Synopsis Review of the Draft Fourth National Climate Assessment by : National Academies of Sciences, Engineering, and Medicine

Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.

Global Climate Change Impacts in the United States

Global Climate Change Impacts in the United States
Author :
Publisher : Cambridge University Press
Total Pages : 193
Release :
ISBN-10 : 9780521144070
ISBN-13 : 0521144078
Rating : 4/5 (70 Downloads)

Synopsis Global Climate Change Impacts in the United States by : U.S. Global Change Research Program

Summarizes the science of climate change and impacts on the United States, for the public and policymakers.

The Economics of Climate Change

The Economics of Climate Change
Author :
Publisher : University of Chicago Press
Total Pages : 365
Release :
ISBN-10 : 9780226479903
ISBN-13 : 0226479900
Rating : 4/5 (03 Downloads)

Synopsis The Economics of Climate Change by : Gary D. Libecap

While debates over the consequences of climate change are often pessimistic, historical data from the past two centuries indicate many viable opportunities for responding to potential changes. This volume takes a close look at the ways in which economies—particularly that of the United States—have adjusted to the challenges climate change poses, including institutional features that help insulate the economy from shocks, new crop varieties, irrigation, flood control, and ways of extending cultivation to new geographic areas. These innovations indicate that people and economies have considerable capacity to acclimate, especially when private gains complement public benefits. Options for adjusting to climate change abound, and with improved communication and the emergence of new information and technologies, the potential for adaptation will be even greater in the future.

The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?

The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact?
Author :
Publisher : International Monetary Fund
Total Pages : 40
Release :
ISBN-10 : 9781484363027
ISBN-13 : 1484363027
Rating : 4/5 (27 Downloads)

Synopsis The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact? by : Mr.Sebastian Acevedo Mejia

Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in temperature lowers per capita output, in both the short and medium term, through a wide array of channels: reduced agricultural output, suppressed productivity of workers exposed to heat, slower investment, and poorer health. In an unmitigated climate change scenario, and under very conservative assumptions, model simulations suggest the projected rise in temperature would imply a loss of around 9 percent of output for a representative low-income country by 2100.

Abrupt Climate Change

Abrupt Climate Change
Author :
Publisher : National Academies Press
Total Pages : 252
Release :
ISBN-10 : 9780309133043
ISBN-13 : 0309133041
Rating : 4/5 (43 Downloads)

Synopsis Abrupt Climate Change by : National Research Council

The climate record for the past 100,000 years clearly indicates that the climate system has undergone periodic-and often extreme-shifts, sometimes in as little as a decade or less. The causes of abrupt climate changes have not been clearly established, but the triggering of events is likely to be the result of multiple natural processes. Abrupt climate changes of the magnitude seen in the past would have far-reaching implications for human society and ecosystems, including major impacts on energy consumption and water supply demands. Could such a change happen again? Are human activities exacerbating the likelihood of abrupt climate change? What are the potential societal consequences of such a change? Abrupt Climate Change: Inevitable Surprises looks at the current scientific evidence and theoretical understanding to describe what is currently known about abrupt climate change, including patterns and magnitudes, mechanisms, and probability of occurrence. It identifies critical knowledge gaps concerning the potential for future abrupt changes, including those aspects of change most important to society and economies, and outlines a research strategy to close those gaps. Based on the best and most current research available, this book surveys the history of climate change and makes a series of specific recommendations for the future.

Shock Waves

Shock Waves
Author :
Publisher : World Bank Publications
Total Pages : 227
Release :
ISBN-10 : 9781464806742
ISBN-13 : 1464806748
Rating : 4/5 (42 Downloads)

Synopsis Shock Waves by : Stephane Hallegatte

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.

The Economics of Climate Change

The Economics of Climate Change
Author :
Publisher : Congressional Budget Office
Total Pages : 80
Release :
ISBN-10 : UOM:39015090387922
ISBN-13 :
Rating : 4/5 (22 Downloads)

Synopsis The Economics of Climate Change by : Robert Shackleton

This Congressional Budget Office (CBO) study--prepared at the request of the Ranking Member of the House Committee on Science--presents an overview of issues related to climate change, focusing primarily on its economic aspects. The study draws from numerous published sources to summarize the current state of climate science and provide a conceptual framework for addressing climate change as an economic problem. It also examines public policy options and discusses the potential complications and benefits of international coordination. In keeping with CBO's mandate to provide impartial analysis, the study makes no recommendations.