The Economic Costs of Climate Change: A Multi-Sector Impact Assessment for Vietnam
Research output: Contribution to journal › Journal article › Research › peer-review
Standard
The Economic Costs of Climate Change : A Multi-Sector Impact Assessment for Vietnam. / Arndt, Channing; Tarp, Finn; Thurlow, James.
In: Sustainability, Vol. 7, No. 4, 2015, p. 4131-4145.Research output: Contribution to journal › Journal article › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - The Economic Costs of Climate Change
T2 - A Multi-Sector Impact Assessment for Vietnam
AU - Arndt, Channing
AU - Tarp, Finn
AU - Thurlow, James
PY - 2015
Y1 - 2015
N2 - We adopt a multi-sectoral approach and consider the full range of climateprojections. Biophysical damages are translated into economic costs using a dynamic economy-wide model. Our results indicate that the negative impacts on agriculture and roads are modest to 2050. Larger costs are caused by rising sea levels and cyclone strikes. Overall, climate change is likely to reduce national income by between one and two percent by 2050 (relative to a historical baseline). Damages double under more extreme projections. Our findings suggest that there are net benefits from selected pre-emptive actions though careful consideration of opportunity costs is required.
AB - We adopt a multi-sectoral approach and consider the full range of climateprojections. Biophysical damages are translated into economic costs using a dynamic economy-wide model. Our results indicate that the negative impacts on agriculture and roads are modest to 2050. Larger costs are caused by rising sea levels and cyclone strikes. Overall, climate change is likely to reduce national income by between one and two percent by 2050 (relative to a historical baseline). Damages double under more extreme projections. Our findings suggest that there are net benefits from selected pre-emptive actions though careful consideration of opportunity costs is required.
U2 - 10.3390/su7044131
DO - 10.3390/su7044131
M3 - Journal article
VL - 7
SP - 4131
EP - 4145
JO - Sustainability
JF - Sustainability
SN - 2071-1050
IS - 4
ER -
ID: 146206767