Sentences with phrase «expected economic costs of climate change»

In both cases, there is substantial uncertainty about the things we most care about and in fact, in the case of climate change, Martin Weitzman's Dismal Theorem concludes that calculations of the expected economic cost of climate change are dominated by the mathematical details of the low - probability / catastrophic - consequence tail of the probability distribution.

Not exact matches

Another report by the German Institute of Economic Research concluded that «If climate policy measures are not introduced, global climate change damages amounting to up to 20 trillion US dollars can be expected in the year 2100... The costs of an active climate protection policy implemented today would reach globally around 430 billion US dollars in 2050 and around 3 trillion US dollars in 2100.»

Barring policies to curb GHG emissions, scientists expect this problem to grow and eventually lead to climate change and its accompanying costs, including damage to economic activity from the destruction of capital (for example, along coastal areas) and lower agricultural productivity.

Among the economic costs climate change is expected to enact on the United States over the next 25 years are: $ 35 million in annual property losses from hurricanes and other coastal storms, $ 12 billion a year as a result of heat wave - driven demand for electricity, and tens of billions of dollars from the corn and wheat industry due to a 14 percent drop in crop yields.

The impacts of harmful algal blooms (HABs) in the Great Lakes are being assessed using a range of economic metrics capturing the loss of services provided by the lakes (e.g. increased drinking water treatment costs, property value losses, beach closures), as well as the direct effects of toxic microcystin on public health (Bingham et al 2015, IJC 2013)-- such events are expected to increase in frequency and severity in a changing climate (Michalak et al 2013).