Global warming and the American economy: a regional assessment of climate change impacts
This book is a good first attempt at examining the regional impacts of climate change for the United States. . . Overall, the book is an important read for those interested in climate assessment. It alerts us to the possibility that the impacts of global warming need not be homogenous, and points to the need for further research in combining basic ecological-economic modeling with plausible scenarios of technological change and globalization of the US economy. Ujjayant Chakravorty, Journal of Regional Science The impact of climate change on seven regions of the United States is studied in this new and accessible collection. The study examines how the different regions of the United States may be affected by climate change. In particular, the study explores whether warming would be beneficial to the northern (colder) regions but harmful to the economies of the southern (warmer) regions. The study examines important sectors of the US economy that are likely to be affected by climate change. It examines agriculture, forestry, water resources, energy, and coastal resources. Economic models are used to examine each sector and there is a separate chapter for each sector. Because the study focuses on including efficient adaptation responses, the special role of adaptation is discussed in detail. The book concludes with a discussion of the impacts across the country and in each region. Any reader interested in climate change and its impacts will find this book of detailed results enlightening. The book is especially useful for people interested in studying impact methodologies.
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A Ricardian analysis
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1ercent acre aggregate agriculture analysis areas assumed average baseline benefits billions 1998 USD BIOME-BGC ecological change BIOME2 cent precipitation central scenario CENTURY ecological change Chapter climate change scenarios climate impacts Climate scenario climate sensitivity climate variation coastal consumer surplus crop production cropland cross-sectional damages dieback scenario billions DOLY economic ecosystem effects of climate efficient energy expenditures estimates examine example farm value farmers forestry forests GFDL GFDL x global warming GP SW NW hydropower impacts of climate important irrigation market sectors Mendelsohn and Neumann mild MW GP SW Northern Plains northern regions Northwest NW Total 1)5°C present value private adaptation producer surplus public adaptation reduce regeneration scenario billions regional climate regressions Ricardian runoff scenario billions 1998 sea level rise simulation Sohngen and Mendelsohn Southern Southwest species SW NW Total Table timber UKMO UKMO x UKMOx United variables w/o foresight water resources watershed Yohe
Natural Resource and Environmental Economics
No preview available - 2003
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