Reliance should not be placed on the views and information in the document when. Economic impacts of climate change will occur throughout the country. Negative climate impacts will outweigh benefits for most sectors that provide essential goods and services to society. Changes in rainfall pattern are likely to lead to severe water shortages andor flooding. Climate change will have severe negative impacts on arizonas economic drivers, as well as resulting in more. Impacts of climate change on the economy and society. Climate change has direct effects on the economy resulting from various environmental. The overall aggregate effect of climate change on economic growth will most likely be negative in the long run. Pdf economic impacts of climate change in south africa. A recent report examined how climate change could affect 22 different sectors of the economy under two different scenarios. Impacts of climate change have already begun to affect climate patterns see box.
Economics of climate change environmental economics us epa. Current estimates indicate that climate change will likely have a limited impact on the economy and human welfare in the twentyfirst century. If indeed the effects of climate change are likely to be severe, it is in everyones interest to lower their emissions for the common good. Pdf global warming and climate change refer to an increase in average global temperatures. Pdf on jan 1, 2002, jane turpie and others published economic impacts of climate change in south africa. Some of the greatest impacts will be felt in the poorest countries that are most vul nerable to the changes. Climate change is already affecting arizonas environment. The us economic impacts of climate change and the costs of. Climate change may or may not be a central issue for the world economy.
Thats faster than at any other time in the earths history. The average temperature has risen around 1 degree celsius, or 1. The economic consequences of climate change european. In the case of climate change, the uncertainty inherent in economic analyses of environmental regulations is magnified by the longterm and global scale of the problem. Climate change will have wideranging effects on the environment, and on socioeconomic and related sectors, including water resources, agriculture and food security, human health, terrestrial ecosystems and biodiversity and coastal zones. Yet assessing the economic impact of climate change faces a fundamental challenge of complexity. Climate change and the federal reserve san francisco fed. C from preindustrial levels by 2100, and if they increased by 4. The most obvious economic benefit to capping greenhousegas emissions is mitigating the impact of climate change. Documents in econstor may be saved and copied for your personal. A guidance document for judges adjudicating water disputes. The study projected that if the highertemperature scenario prevails, climate change impacts on these 22 sectors.
A preliminary analysis of unmitigated damage costs find, read and cite all the research. Economic impacts will be unevenly distributed across regions and within the economy and society. The impact of climate change on the global dd schroders. This document and any map included herein are without prejudice to the status of or sovereignty over any. Climate change is at the topmost of all political and media agenda, this is because, extreme weather events definitely will have spill over effects on various forms on economic activities, hence. The social and economic impact of climate change pdf the stern report and the nordhaus model. There are uncertainties regarding the pace and form of future technological innovation, economic growth, and thresholds for climate impacts. Letter describes how the consequences of climate change are. The economic impacts of climate change request pdf.624 720 502 716 787 1304 895 1443 843 564 1419 1086 925 808 153 546 1283 202 567 1488 926 182 1139 312 398 119 518 1007 1341 656 241 200 195 582 486 7 180 847 743 837 632 560