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DOI | 10.1016/j.ecolecon.2019.02.014 |
Estimating the benefits of adaptation to extreme climate events, focusing on nonmarket damages | |
Hoffmann, Christin | |
2019-10-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2019 |
卷号 | 164 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | This paper provides a first approach on how to evaluate nonmarket damages from extreme climate events in monetary units by applying a Computable General Equilibrium (CGE) approach. We develop a static CGE model, which zooms into one single period of a standard Auerbach-Kotlikoff model. While we observe private and instantaneous adaptation in reaction to price changes, we explicitly model public adaptation funded by taxing either labor or capital. We apply our model to heat waves in Switzerland and are able to show that heat waves affect cohort's utility in an unadapted economy in substantially different ways. While young and less vulnerable cohorts profit (in welfare terms and because of inheritance) from heat waves, vulnerable but surviving cohort's welfare decreases substantially. Thus, without adaptation, vulnerable cohorts are worse off and might have even fewer possibilities to invest in private adaptation in the long run. Overall, we show that with adaptation, the negative impact of a 2003-like heat wave on output can be reduced from about - 0.5% of GDP to - 0.04% of GDP. Additionally, equivalent variation is reduced from about -1% to - 0.18%. |
英文关键词 | Fatalities Extreme climate events Computable general equilibrium |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000480374500009 |
WOS关键词 | SUSTAINABILITY IMPACT ASSESSMENT ; GENERAL EQUILIBRIUM-MODELS ; ECONOMIC-IMPACTS ; HEAT-WAVE ; HEALTH ; COSTS ; DISASTERS ; MORTALITY ; LIVES |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/187314 |
专题 | 资源环境科学 |
作者单位 | Brandenburg Univ Technol Cottbus Senftenberg, Fac Econ Law & Soc 5, Chair Org Human Resource Management & Gen Managem, Erich Weinert Str 1, D-03046 Cottbus, Germany |
推荐引用方式 GB/T 7714 | Hoffmann, Christin. Estimating the benefits of adaptation to extreme climate events, focusing on nonmarket damages[J]. ECOLOGICAL ECONOMICS,2019,164. |
APA | Hoffmann, Christin.(2019).Estimating the benefits of adaptation to extreme climate events, focusing on nonmarket damages.ECOLOGICAL ECONOMICS,164. |
MLA | Hoffmann, Christin."Estimating the benefits of adaptation to extreme climate events, focusing on nonmarket damages".ECOLOGICAL ECONOMICS 164(2019). |
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