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Climate Change Impacts and Adaptation Strategies in Italy: An Economic Assessment


Alessandra Sgobbi


Fondazione Eni Enrico Mattei (FEEM) ; Centro Euro-Mediterraneo per i Cambiamenti Climatici (CMCC)

Carlo Carraro


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

Abstract:     
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, R13

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Date posted: January 29, 2008 ; Last revised: April 25, 2012

Suggested Citation

Sgobbi, Alessandra and Carraro, Carlo, Climate Change Impacts and Adaptation Strategies in Italy: An Economic Assessment (January 1, 2008). FEEM Fondazione Eni Enrico Mattei Research Paper; CMCC Research Paper No. 14. Available at SSRN: http://ssrn.com/abstract=1086627 or http://dx.doi.org/10.2139/ssrn.1086627

Contact Information

Alessandra Sgobbi (Contact Author)
Fondazione Eni Enrico Mattei (FEEM) ( email )
Corso Magenta 63
20123 Milan
Italy
Centro Euro-Mediterraneo per i Cambiamenti Climatici (CMCC) ( email )
Viale Gallipoli, 49
Lecce, 73100
Italy
Carlo Carraro
Fondazione Eni Enrico Mattei (FEEM) ( email )
Campo S. M. Formosa, Castello 5252
Venezia, 30122
Italy
+39 04 1271 1453 (Phone)
+39 04 1271 1461 (Fax)
Ca Foscari University of Venice - Department of Economics ( email )
Cannaregio 873
Venice, 30121
Italy
+39 04 1234 9166 (Phone)
+39 04 1234 9176 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division)
73100 Lecce
Italy
Intergovernmental Panel on Climate Change (IPCC)
A. van Leeuwenhoeklaan 9
P.O. Box 1
BA Bilthoven 3720
Netherlands
+31 30 274 4281 (Phone)
+31 30 274 4464 (Fax)
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