The Impact of Climate Change on Global Tropical Storm Damages

39 Pages Posted: 20 Apr 2016

See all articles by Robert O. Mendelsohn

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies; Yale University

Kerry Emanuel

affiliation not provided to SSRN

Shun Chonabayashi

World Bank

Date Written: February 1, 2011

Abstract

This paper constructs an integrated assessment model of tropical cyclones in order to quantify the impact that climate change may have on tropical cyclone damages in countries around the world. The paper relies on a tropical cyclone generator in each ocean and several climate models to predict tropical cyclones with and without climate change. A damage model is constructed to compute the resulting damage when a cyclone strikes each country. Economic development is expected to double global tropical cyclone damages because more will be in harm's way. Climate change is expected to double global damage again, causing an additional $54 billion of damage per year. The damage is projected to be concentrated in North America and eastern Asia but many Caribbean islands will suffer the highest damages per unit of GDP. Most of the increased damage will be caused by rare but very powerful storms.

Keywords: Climate Change Economics, Climate Change Mitigation and Green House Gases, Hazard Risk Management, Science of Climate Change, Global Environment Facility

Suggested Citation

Mendelsohn, Robert O. and Emanuel, Kerry and Chonabayashi, Shun, The Impact of Climate Change on Global Tropical Storm Damages (February 1, 2011). World Bank Policy Research Working Paper No. 5562. Available at SSRN: https://ssrn.com/abstract=1955106

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies ( email )

195 Prospect Street
New Haven, CT 06511
United States

Yale University ( email )

New Haven, CT 06520
United States
2034325128 (Phone)

Kerry Emanuel

affiliation not provided to SSRN

No Address Available

Shun Chonabayashi

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

HOME PAGE: http://sites.google.com/a/cornell.edu/shunchonabayashi

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