Estimating economic damage from climate change in the United States

  title={Estimating economic damage from climate change in the United States},
  author={Solomon M. Hsiang and Robert E. Kopp and Amir Jina and James A. Rising and Michael Delgado and Shashank Mohan and Daniel J. Rasmussen and Robert Muir-Wood and Paul Wilson and Michael Oppenheimer and Kate Larsen and Trevor Houser},
  pages={1362 - 1369}
Costing out the effects of climate change Episodes of severe weather in the United States, such as the present abundance of rainfall in California, are brandished as tangible evidence of the future costs of current climate trends. Hsiang et al. collected national data documenting the responses in six economic sectors to short-term weather fluctuations. These data were integrated with probabilistic distributions from a set of global climate models and used to estimate future costs during the… 

Climate damage functions for estimating the economic impacts of climate change in the United States

Estimates of damage functions based on 15 sectoral impact models that project the economic impacts of climate change on human health, infrastructure, and ecosystems and, with a focus on temperature, apply these functions to changes in economic impacts for seven U.S. regions through 2100 are presented.

The Economic Impacts of Climate Change

  • R. Tol
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    Review of Environmental Economics and Policy
  • 2018
This article reviews the economic impacts of climate change and the policy implications of the results. Current estimates indicate that climate change will likely have a limited impact on the economy

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The correlation between climate-induced reductions in per capita GDP growth and national income levels is significant at the p < 0.001 level, with lower-income countries experiencing greater losses, which may increase economic inequality between countries and is relevant to discussions of loss and damage under the United Nations Framework Convention on Climate Change.

Global economic impacts of climate shocks, climate policy and changes in climate risk assessment

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Climate change and extreme weather: A review focusing on the continental United States

  • W. Robinson
  • Environmental Science
    Journal of the Air & Waste Management Association
  • 2021
The signal of increasing extremes is sufficiently clear that it demands a robust human response, in limiting future emissions of greenhouse gases and in making the authors' human systems more resilient to further changes that are inevitable as Earth continues to warm.

Financial stability in response to climate change in a northern temperate economy

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Economists' erroneous estimates of damages from climate change

Economists have predicted that damages from global warming will be as low as 2.1% of global economic production for a 3◦C rise in global average surface temperature, and 7.9% for a 6◦C rise. Such

State-of-the-art global models underestimate impacts from climate extremes

A majority of models underestimate the extremeness of impacts in important sectors such as agriculture, terrestrial ecosystems, and heat-related human mortality, while impacts on water resources and hydropower are overestimated in some river basins; and the spread across models is often large.

Climate damages and adaptation potential across diverse sectors of the United States

Modelling results from sectoral impact models applied within a consistent modelling framework to project how climate change will affect 22 impact sectors of the United States, including effects on human health, infrastructure and agriculture show complex patterns of projected changes.

A review of the future impact of climate change in Chile: economic output and other outcomes

  • Carlos Madeira
  • Economics, Environmental Science
    Mitigation and Adaptation Strategies for Global Change
  • 2022
I review several studies for the future impact of climate change during the twenty-first century, making a comprehensive summary of the effects estimated for Chile. Several studies suggest that Chile



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This paper measures the economic impact of climate change on US agricultural land. We replicate the previous literature's implementation of the hedonic approach and find that it produces estimates of

The Economic Effects of Climate Change

I review the literature on the economic impacts of climate change, an externality that is unprecedentedly large, complex, and uncertain. Only 14 estimates of the total damage cost of climate change

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It is shown that environmental tipping points can profoundly alter cost−benefit analysis, justifying a much more stringent climate policy, which takes the form of a higher immediate price on carbon.

Evolving Comparative Advantage and the Impact of Climate Change in Agricultural Markets: Evidence from 1.7 Million Fields around the World

A large agronomic literature models the implications of climate change for a variety of crops and locations around the world. The goal of the present paper is to quantify the macro-level consequences

Temperatures and cyclones strongly associated with economic production in the Caribbean and Central America

  • S. Hsiang
  • Economics, Environmental Science
    Proceedings of the National Academy of Sciences
  • 2010
The results suggest that current models of future climate change that focus on agricultural impacts but omit the response of workers to thermal stress may underestimate the global economic costs of climate change.

The Potential to Narrow Uncertainty in Regional Climate Predictions

Abstract Faced by the realities of a changing climate, decision makers in a wide variety of organizations are increasingly seeking quantitative predictions of regional and local climate. An important

The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models

Scientists describe the scale of the risks from unmanaged climate change as potentially immense. However, the scientific models, because they omit key factors that are hard to capture precisely,

Crime, Weather, and Climate Change

This paper estimates the impact of climate change on the prevalence of criminal activity in the United States. The analysis is based on a 30-year panel of monthly crime and weather data for 2997 US

Impact of regional climate change on human health

The growing evidence that climate–health relationships pose increasing health risks under future projections of climate change is reviewed and that the warming trend over recent decades has already contributed to increased morbidity and mortality in many regions of the world.