Shutting Down the Thermohaline Circulation

Author:

Anthoff David1,Estrada Francisco2,Tol Richard S. J.3

Affiliation:

1. University of California, Berkeley, Energy and Resources Group, 310 Barrows Hall # 3050, Berkeley, CA 94703 (e-mail: )

2. Universidad Nacional Autónoma de México, Circuito Exterior S/N, Mexico DF, 04510, and Institute for Environmental Studies, Vrije Universiteit Amsterdam (e-mail: )

3. Department of Economics, University of Sussex, Falmer, BN1 9SL, UK, Vrije Universiteit Amsterdam, Tinbergen Institute, and CESifo (e-mail: )

Abstract

Past climatic changes were caused by a slowdown of the thermohaline circulation. We use results from experiments with three climate models to show that the expected cooling due to a slowdown of the thermohaline circulation is less in magnitude than the expected warming due to increasing greenhouse gas concentrations. The integrated assessment model FUND and a meta-analysis of climate impacts are used to evaluate the change in human welfare. We find modest but by and large positive effects on human welfare since a slowdown of the thermohaline circulation implies decelerated warming.

Publisher

American Economic Association

Subject

Economics and Econometrics

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