by In the Quarterly Journal of Economics (137, 4), a group of authors estimates that the mean global increase in mortality risk due to climate change, accounting for adaptation benefits and costs, is valued at roughly 3.2% of global GDP in 2100 under a high-emissions scenario. Notably, today’s cold locations are projected to benefit, while today’s poor and hot locations have large projected damages. Finally, our central estimates indicate that the release of an additional ton of CO2 today will cause mortality-related damages of .6 under a high-emissions scenario, with an interquartile range accounting for both econometric and climate uncertainty of [−.8, .0].
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Dirk Niepelt considers the following as important: Climate Change, CO2, Emission, Externality, mortality, Notes
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In the Quarterly Journal of Economics (137, 4), a group of authors estimates that
the mean global increase in mortality risk due to climate change, accounting for adaptation benefits and costs, is valued at roughly 3.2% of global GDP in 2100 under a high-emissions scenario. Notably, today’s cold locations are projected to benefit, while today’s poor and hot locations have large projected damages. Finally, our central estimates indicate that the release of an additional ton of CO2 today will cause mortality-related damages of $36.6 under a high-emissions scenario, with an interquartile range accounting for both econometric and climate uncertainty of [−$7.8, $73.0].