Climate change
The Economic Consequences of Climate Change
Published on November 03, 2015
Also available in: French
TABLE OF CONTENTS
| Preface | |
| Acronyms and abbreviations | |
| Executive summary | |
| Modelling the economic consequences of climate change | |
| The damages from selected climate change impacts to 2060 | |
| The bigger picture of climate change | |
| The benefits of policy action | |
| Description of the modelling tools |
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Objective and background The OECD Environmental Outlook to 2050: Consequences of Inaction took no account of the feedbacks from environmental challenges and resource scarcity to the economy. This report seeks to address this gap through a detailed economic modelling framework that links climate change impacts to specific aspects of regional economic activity, such as labour productivity, the supply of production factors such as capital, and changes in the structure of demand. This detailed global analysis, which covers a wide range of impact categories including agriculture, coastal zones, some extreme events, health and energy and tourism demand, is used to assess the economic consequences of climate change until 2060, and is complemented by more stylised integrated assessment modelling of post-2060 economic impacts. OECD work on… |
Policy Highlights |
Further reading
- The Economic Consequences of Outdoor Air Pollution (2016) provides a comprehensive assessment of the economic consequences of outdoor air pollution in the coming decades, focusing on the impacts on mortality, morbidity, and changes in crop yields as caused by high concentrations of pollutants. Unless more stringent policies are adopted, findings point to a significant increase in global emissions and concentrations of air pollutants, with severe impacts on human health and the environment. The market impacts of outdoor air pollution are projected to lead to significant economic costs, which are illustrated at the regional and sectoral levels, and to substantial annual global welfare costs.
- Further degradation of the environment and natural capital can compromise prospects for future economic growth and human well-being. The OECD Environmental Outlook to 2050: Consequences of Inaction (2012) projected significant consequences of climate change, biodiversity loss, water scarcity and health impacts of pollution by 2050, unless more ambitious policies are implemented. The Environmental Outlook, however, presented a one-way analysis of the impacts of socioeconomic developments on the environment. Specifically, it took no account of the feedbacks from environmental challenges and resource scarcity to the economy.
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Contacts
- Rob Dellink, Co-ordinator Modelling and Outlooks, Environment and Economy Integration Division, OECD Environment Directorate
- Elisa Lanzi, Policy Analyst, Environment and Economy Integration Division, OECD Environment Directorate
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