Economic Evaluation of Climate Change Impacts: Development of a Cross-Sectoral Framework and Results for Austria (Springer Climate)

This volume deals with the multifaceted and interdependent impacts of climate change on society from the perspective of a broad set of disciplines. The main objective of the book is to assess public and private cost of climate change as far as quantifiable, while taking into account the high degree of uncertainty. It offers new insights for the economic assessment of a broad range of climate change impact chains at a national scale. The framework presented in the book allows consistent evaluation including mutual interdependencies and macroeconomic feedback. This book develops a toolbox that can be used across the many areas of climate impact and applies it to one particular country: Austria. This volume deals with the multifaceted and interdependent impacts of climate change on society from the perspective of a broad set of disciplines. The main objective of the book is to assess public and private cost of climate change as far as quantifyable, while taking into account the high degree of uncertainty. It offers new insights for the economic assessment of a broad range of climate change impact chains at a national scale. The framework presented in the book allows consistent evaluation including mutual interdependencies and macroeconomic feedback. This book develops a toolbox that can be used across the many areas of climate impact and applies it to one particular country: Austria. "This study is a landmark, setting a new standard for the assessment of the impacts of climate change. It stands out for the comprehensiveness of its coverage of potential impacts across different sectors of the economy and its methodological innovations, including tracing climate impacts to economic endpoints." Michael Hanemann, Professor of Economics, Arizona State University and Professor of the Graduate School, University of California, Berkeley "This volume develops a consistent, bottom-up approach for a robust evaluation across the whole range of impact fields, acknowledging their macroeconomic feedbacks and budgetary implications." Thomas Sterner, Professor of Economics, University of Gothenburg "The lasting value of this book will come from the methodology with its frameworks, consistent toolbox and comprehensive integration, as well as the lessons learnt and shared, exemplified through application in Austria." Roger Street, Director of UK Climate Impacts Programme, University of Oxford Front Matter....Pages i-xvii Introduction....Pages 1-6 Front Matter....Pages 7-7 The Cost of Climate Change in Europe....Pages 9-27 On the State of Assessing the Risks and Opportunities of Climate Change in Europe and the Added Value of COIN....Pages 29-42 Front Matter....Pages 43-43 Climate Impact Evaluation at the National Level: The Interdisciplinary Consistent Framework....Pages 45-54 Climate Change Scenario: From Climate Model Ensemble to Local Indicators....Pages 55-74 Shared-Socio-Economic Pathways....Pages 75-99 Economic Evaluation Framework and Macroeconomic Modelling....Pages 101-120 Front Matter....Pages 121-121 Agriculture....Pages 123-146 Forestry....Pages 147-167 Ecosystem Services: Pest Control and Pollination....Pages 169-189 Human Health....Pages 191-213 Water Supply and Sanitation....Pages 215-234 Buildings: Heating and Cooling....Pages 235-255 Electricity....Pages 257-278 Transport....Pages 279-300 Manufacturing and Trade: Labour Productivity Losses....Pages 301-322 Cities and Urban Green....Pages 323-347 Catastrophe Management: Riverine Flooding....Pages 349-366 Tourism....Pages 367-388 Front Matter....Pages 389-389 Assessment of the Costs up to 2100 and Barriers to Adaptation....Pages 391-413 Front Matter....Pages 389-389 Macroeconomic Evaluation of Climate Change in Austria: A Comparison Across Impact Fields and Total Effects....Pages 415-440 Climate Change Impacts at the National Level: Known Trends, Unknown Tails, and Unknowables....Pages 441-459 Back Matter....Pages 461-468