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Toward economic evaluation of climate change impacts : a review and evaluation of studies of the impact of climate change

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dc.contributor.author Reilly, John M. en_US
dc.contributor.author Thomas, Christopher Kent en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-12-15T23:58:39Z
dc.date.available 2009-12-15T23:58:39Z
dc.date.issued 1993 en_US
dc.identifier 93009 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/50191
dc.description.abstract Efforts to access climate change have generally been unsuccessful in describing the economic damages (or benefits) associated with climate change or the functional relationship of damage (or benefits) to climate. Existing integrated economic studies have developed an aggregate damage estimate for the United States associated with equilibrium doubled trace gas climate that is unlikely to occur for 100 years or more. These estimates are used to extrapolate damages to other regions and over time. There is little or no basis for such extrapolation. It is possible to introduce climate explicitly into standard economic models but such models have generally not been estimated. Potentially affected sectors include 1) forestry and ecosystems, 2) agriculture, 3) coast, 4) fishers, 5) water resources, and 6) communities and households. An impact classification system is developed that considers short and long run flexibility to adapt to climate change, the existing knowledge or capacity to adapt, and the degree to which climate matters after adaptation (i.e., the degree to which damages can be avoided). en_US
dc.description.sponsorship Supported by the MIT Joint Program on the Science and Policy of Global Change, and NOAA. en_US
dc.format.extent 54 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 93-009WP. en_US
dc.title Toward economic evaluation of climate change impacts : a review and evaluation of studies of the impact of climate change en_US
dc.type Working Paper en_US
dc.identifier.oclc 35719590 en_US


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