Climate Change Impacts and Adaptation Strategies in Italy: An Economic Assessment
Fondazione Eni Enrico Mattei (FEEM) ; Centro Euro-Mediterraneo per i Cambiamenti Climatici (CMCC)
Fondazione Eni Enrico Mattei (FEEM); Ca Foscari University of Venice - Department of Economics; Centre for Economic Policy Research (CEPR); CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC Working Group III
January 1, 2008
FEEM Fondazione Eni Enrico Mattei Research Paper
CMCC Research Paper No. 14
In this paper, the economic value of the impacts of climate change is assessed for different Italian economic sectors and regions. Sectoral and regional impacts are then aggregated to provide a macroeconomic estimate of variations in GDP induced by climate change in the next decades. Autonomous adaptation induced by changes in relative prices and in stocks of natural and economic resources is fully taken into account. The model also considers international trade effects. Results show that in Italy aggregate GDP losses induced by climate change are likely to be small. However, some economic sectors (e.g. tourism) and the alpine regions will suffer significant economic damages.
Number of Pages in PDF File: 28
Keywords: Impacts, Climate Change, Adaptation, GDP Losses, Tourism
JEL Classification: O13, Q43, Q5, R13working papers series
Date posted: January 29, 2008 ; Last revised: April 25, 2012
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