TY - JOUR
T1 - Economic costs of extratropical storms under climate change: An application of FUND
AU - Narita, D.
AU - Anthoff, D.
AU - Tol, R.S.J.
PY - 2010
Y1 - 2010
N2 - 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. © 2010 University of Newcastle upon Tyne.
AB - 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. © 2010 University of Newcastle upon Tyne.
U2 - 10.1080/09640561003613138
DO - 10.1080/09640561003613138
M3 - Article
SN - 0964-0568
VL - 53
SP - 371
EP - 384
JO - Journal of Environmental Planning and Management
JF - Journal of Environmental Planning and Management
IS - 3
ER -
