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The Economic Consequences of Climate Change

Published on November 03, 2015

Also available in: French

book

This report provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond. It focuses on how climate change affects different drivers of growth, including labour productivity and capital supply, in different sectors across the world. The sectoral and regional analysis shows that while the impacts of climate change spread across all sectors and all regions, the largest negative consequences are projected to be found in the health and agricultural sectors, with damages especially strong in Africa and Asia.

TABLE OF CONTENTS

Preface
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.


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