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  Integrated perspective on translating biophysical to economic impacts of climate change

Piontek, F., Drouet, L., Emmerling, J., Kompas, T., Méjean, A., Otto, C., Rising, J., Sörgel, B., Taconet, N., Tavoni, M. (2021): Integrated perspective on translating biophysical to economic impacts of climate change. - Nature Climate Change, 11, 7, 563-572.
https://doi.org/10.1038/s41558-021-01065-y

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Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_25744 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_25744_2
Genre: Journal Article

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 Creators:
Piontek, Franziska1, Author              
Drouet, Laurent2, Author
Emmerling, Johannes2, Author
Kompas, Tom2, Author
Méjean, Aurélie2, Author
Otto, Christian1, Author              
Rising, James2, Author
Sörgel, Björn1, Author              
Taconet, Nicolas2, Author
Tavoni, Massimo2, Author
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              
2External Organizations, ou_persistent22              

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 Abstract: Estimates of climate change’s economic impacts vary widely, depending on the applied methodology. This uncertainty is a barrier for policymakers seeking to quantify the benefits of mitigation. In this Perspective, we provide a comprehensive overview and categorization of the pathways and methods translating biophysical impacts into economic damages. We highlight the open question of the persistence of impacts as well as key methodological gaps, in particular the effect of including inequality and adaptation in the assessments. We discuss the need for intensifying interdisciplinary research, focusing on the uncertainty of econometric estimates of damages as well as identification of the most socioeconomically relevant types of impact. A structured model intercomparison related to economic impacts is noted as a crucial next step.

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 Dates: 2021-04-302021-06-172021-07-05
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1038/s41558-021-01065-y
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
MDB-ID: No data to archive
Research topic keyword: Climate impacts
Research topic keyword: Economics
Research topic keyword: Inequality and Equity
Regional keyword: Global
 Degree: -

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Project name : NAVIGATE - Next generation of AdVanced InteGrated Assessment modelling to support climaTE policy making
Grant ID : 821124
Funding program : Horizon 2020 (H2020)
Funding organization : European Commission (EC)
Project name : ENGAGE - Economic Growth Impacts of Climate Change
Grant ID : SAW-2016-PIK-1
Funding program : -
Funding organization : Leibniz-Gemeinschaft

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Title: Nature Climate Change
Source Genre: Journal, SCI, Scopus, p3
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Pages: - Volume / Issue: 11 (7) Sequence Number: - Start / End Page: 563 - 572 Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/140414