Future economic damage from tropical cyclones: sensitivities to societal and climate changes

Abstract

This paper examines future economic damages from tropical cyclones under a range of assumptions about societal change, climate change and the relationship of climate change to damage in 2050. It finds in all cases that efforts to reduce vulnerability to losses, often called climate adaptation, have far greater potential effectiveness to reduce damage related to tropical cyclones than efforts to modulate the behaviour of storms through greenhouse gas emissions reduction policies, typically called climate mitigation and achieved through energy policies. The paper urges caution in using economic losses of tropical cyclones as justification for action on energy policies when far more potentially effective options are available.