Economic modelling of climate impacts: A partial review.

Th is paper reviews the economic modelling of climate change impacts, using integrated assessment models (IAMs). IAMs consider the most relevant interactions and feedback mechanisms of the human-climate system and integrate various relevant academic disciplines, ranging from climate modeling to economics. Our paper distinguishes two approaches: First, the reduced-form approach considers the direct link between climate change and economic impacts. Th at approach is highly aggregated or top-down as it does not consider in detail the cause-eff ect mechanisms between climate change and specifi c impacts. Second, the bottom-up approach models the specifi c framework and channels between climate change and its impacts on a specifi c area. Finally, the paper discusses ways to further improve the bottom-up methodology.

CISCAR MARTINEZ Juan Carlos;  SAVEYN Bert;  VAN REGEMORTER Denise; 

2013-11-13

InterSentia

JRC75162

http://www.rebel-journal.org/table_of_content.aspx?sy=2012&pn=2,    https://publications.jrc.ec.europa.eu/repository/handle/JRC75162,