Estimating economic damage from climate change in the United States

Author:

Hsiang Solomon12ORCID,Kopp Robert3ORCID,Jina Amir4ORCID,Rising James15ORCID,Delgado Michael6ORCID,Mohan Shashank6ORCID,Rasmussen D. J.7ORCID,Muir-Wood Robert8ORCID,Wilson Paul8ORCID,Oppenheimer Michael79ORCID,Larsen Kate6ORCID,Houser Trevor6ORCID

Affiliation:

1. Global Policy Laboratory, Goldman School of Public Policy, University of California, Berkeley, CA, USA.

2. National Bureau of Economic Research, Cambridge, MA, USA.

3. Department of Earth and Planetary Sciences and Institute of Earth, Ocean, and Atmospheric Sciences, Rutgers University, New Brunswick, NJ, USA.

4. Department of Economics and Harris School of Public Policy, University of Chicago, Chicago, IL, USA.

5. Energy Resource Group, University of California, Berkeley, CA, USA.

6. Rhodium Group, New York, NY, USA.

7. Woodrow Wilson School of Public and International Affairs, Princeton University, Princeton, NJ, USA.

8. Risk Management Solutions, Newark, CA, USA.

9. Department of Geosciences, Princeton University, Princeton, NJ, USA.

Abstract

Costing out the effects of climate change Episodes of severe weather in the United States, such as the present abundance of rainfall in California, are brandished as tangible evidence of the future costs of current climate trends. Hsiang et al. collected national data documenting the responses in six economic sectors to short-term weather fluctuations. These data were integrated with probabilistic distributions from a set of global climate models and used to estimate future costs during the remainder of this century across a range of scenarios (see the Perspective by Pizer). In terms of overall effects on gross domestic product, the authors predict negative impacts in the southern United States and positive impacts in some parts of the Pacific Northwest and New England. Science , this issue p. 1362 ; see also p. 1330

Funder

National Science Foundation

U.S. Department of Energy

Bloomberg Philanthropies

Office of Hank Paulson

Skoll Global Threats Fund

Next Generation

Publisher

American Association for the Advancement of Science (AAAS)

Subject

Multidisciplinary

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