Download or read book The Economic Impacts of Climate Change Evidence from Agriculture written by Arvid Rachel Dirk Viaene and published by . This book was released on 2018 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, I analyze the economic impacts of climate change on agriculture as well as the adaptation possibilities of farmers. In my first chapter, I estimate the impact of climate change on agricultural land values using a variety of methods and forecast models. First, I combine a framework that incorporates different possible forecasts of future climate with degree days, a temperature measure that allows to capture the effects of extreme temperatures. I use this framework to estimate the damages of climate change relative to a constant 2002 climate. Second, I exploit climate variation over time between 1978 and 2002 within counties to estimate a land value regression. Using this variation, I can address the time-invariant omitted-variable bias of a cross-sectional regression. Furthermore, I estimate the impacts using a range of climate models. The present discounted damages range from $22 to $204 billion in 2002 dollars, with a mean of $67 billion dollars using a discount rate of 5 percent. In the models that use climate variation within counties over time, I find that estimated damages are on average $64 billion larger than the cross-sectional regressions. Furthermore, the choice of climate model has significant economic importance as the estimates across climate models vary by about $160 billion for nearly all specifications. Finally, I document substantial heterogeneity in impacts across counties. In the second chapter, Michael Greenstone, Ishan Nath, and I investigate how much farmers can adapt to climate change through their choice of crops. By combining a discrete choice framework with data on insurance costs for farmers, we estimate the impact of predicted changes in climate on farmer profits relative to other uses of land. In all specifications, climate change will produce a severe reduction in the share of land used to grow corn and soybeans in the US by the middle of the century. Farmers who grow corn would gain between 1.4 and 2.5 cents for an additional growing degree day relative to the outside option. On the other hand, farmers would lose between 17.9 and 32.3 cents from an increase in an additional growing degree days above 29° C. We find similar results for soybeans. These results are robust across census years and choice sets. When farmers are allowed to re-optimize their land use, climate damages in 2050 are $8.9 to $11.8 billion lower compared to a scenario where their crop choice in 2002 is held constant.
Download or read book Agricultural Productivity and Producer Behavior written by Wolfram Schlenker and published by University of Chicago Press. This book was released on 2019-11-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This research also considers whether agricultural productivity growth has been, and will be, associated with significant environmental externalities. Among the topics studied are genetically modified crops; changing climatic factors; farm production responses to government regulations including crop insurance, transport subsidies, and electricity subsidies for groundwater extraction; and the role of specific farm practices such as crop diversification, disease management, and water-saving methods. This research provides new evidence that technological as well as policy choices influence agricultural productivity.
Download or read book The Economic Impact of Climate Change on Kenyan Crop Agriculture A Ricardian Approach written by Jane Kabubo-Mariara and published by World Bank Publications. This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper measures the economic impact of climate on crops in Kenya. The analysis is based on cross-sectional climate, hydrological, soil, and household level data for a sample of 816 households, and uses a seasonal Ricardian model. Estimated marginal impacts of climate variables suggest that global warming is harmful for agricultural productivity and that changes in temperature are much more important than changes in precipitation. This result is confirmed by the predicted impact of various climate change scenarios on agriculture. The results further confirm that the temperature component of global warming is much more important than precipitation. The authors analyze farmers' perceptions of climate variations and their adaptation to these, and also constraints on adaptation mechanisms. The results suggest that farmers in Kenya are aware of short-term climate change, that most of them have noticed an increase in temperatures, and that some have taken adaptive measures.
Download or read book The Economic Impacts of Climate Change written by Olivier Deschênes and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper measures the economic impact of climate change on US agricultural land by estimating the effect of random year-to-year variation in temperature and precipitation on agricultural profits. The preferred estimates indicate that climate change will increase annual profits by $1.3 billion in 2002 dollars (2002$) or 4 percent. This estimate is robust to numerous specification checks and relatively precise, so large negative or positive effects are unlikely. We also find the hedonic approach -- which is the standard in the previous literature -- to be unreliable because it produces estimates that are extremely sensitive to seemingly minor choices about control variables, sample, and weighting.
Download or read book Plant Response to Wind written by John Grace and published by . This book was released on 1977 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and Agriculture written by Robert O. Mendelsohn and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The specific focus of this seminal work is on the economic impact of climate change on agriculture world wide, and how faced with the resultant environmental alterations, agriculture might adapt under varied and varying conditions. Enhanced with a detailed and comprehensive index, Climate Change and Agriculture is highly recommended for academic library environmental studies and economic studies reference collections and supplemental reading lists. The Midwest Book Review Despite its great importance, there are surprisingly few economic studies of the impact of climate on agriculture and how agriculture can adapt under a variety of conditions. This book examines 22 countries across four continents, including both developed and developing economies. It provides both a good analytical basis for additional work and solid results for policy debate concerning income distributional effects such as abatement, adaptation, and equity. Agriculture and grazing are a central sector in the livelihood of many people, particularly in developing countries. This book uses the Ricardian method to examine the impact of climate change on agriculture. It also quantifies how farmers adapt to climate. The findings suggest that agriculture in developing countries is more sensitive to climate than agriculture in developed countries. Rain-fed cropland is generally more sensitive to warming than irrigated cropland and cropland is more sensitive than livestock. The adaptation to climate change results reveal that farmers make many adjustments including switching crops and livestock species, adopting irrigation, and moving between livestock and crops. The results also reveal that impacts and adaptations vary a great deal across landscapes, suggesting that adaptation policies must be location specific. Finally, the book suggests a research agenda for the future. Economists in academia and the public sector, policy analysts and development agencies will find this broad study illuminating.
Download or read book Abrupt Climate Change written by National Research Council and published by National Academies Press. This book was released on 2002-04-23 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The climate record for the past 100,000 years clearly indicates that the climate system has undergone periodic-and often extreme-shifts, sometimes in as little as a decade or less. The causes of abrupt climate changes have not been clearly established, but the triggering of events is likely to be the result of multiple natural processes. Abrupt climate changes of the magnitude seen in the past would have far-reaching implications for human society and ecosystems, including major impacts on energy consumption and water supply demands. Could such a change happen again? Are human activities exacerbating the likelihood of abrupt climate change? What are the potential societal consequences of such a change? Abrupt Climate Change: Inevitable Surprises looks at the current scientific evidence and theoretical understanding to describe what is currently known about abrupt climate change, including patterns and magnitudes, mechanisms, and probability of occurrence. It identifies critical knowledge gaps concerning the potential for future abrupt changes, including those aspects of change most important to society and economies, and outlines a research strategy to close those gaps. Based on the best and most current research available, this book surveys the history of climate change and makes a series of specific recommendations for the future.
Download or read book A Ricardian Analysis of the Impact of Climate Change on African Cropland written by Pradeep Kurukulasuriya and published by World Bank Publications. This book was released on 2012 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the impact of climate change on cropland in Africa. It is based on a survey of more than 9,000 farmers in 11 countries: Burkina Faso, Cameroon, Egypt, Ethiopia, Ghana, Kenya, Niger, Senegal, South Africa, Zambia, and Zimbabwe. The study uses a Ricardian cross-sectional approach in which net revenue is regressed on climate, water flow, soil, and economic variables. The results show that net revenues fall as precipitation falls or as temperatures warm across all the surveyed farms. In addition to examining all farms together, the study examined dryland and irrigated farms separately. Dryland farms are especially climate sensitive. Irrigated farms have a positive immediate response to warming because they are located in relatively cool parts of Africa. The study also examined some simple climate scenarios to see how Africa would respond to climate change. These uniform scenarios assume that only one aspect of climate changes and the change is uniform across all of Africa. In addition, the study examined three climate change scenarios from Atmospheric Oceanic General Circulation Models. These scenarios predicted changes in climate in each country over time. Not all countries are equally vulnerable to climate change. First, the climate scenarios predict different temperature and precipitation changes in each country. Second, it is also important whether a country is already hot and dry. Third, the extent to which farms are irrigated is also important.
Download or read book Identifying the Economic Impacts of Climate Change on Agriculture written by Colin A. Carter and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate impact of climate change on human systems will depend on the natural resilience of ecosystems on which societies rely as well as on adaptation measures taken by agents, individually and collectively. No sector of the economy is more reliant on climate than agriculture. Evidence from the American settlement process suggests that societies can successfully adapt to new climatic environments. Whether and how much agriculture will manage to adapt to a changing climate remains an open question in the empirical economics literature, however. This article reviews the existing evidence on weather and/or climate impacts on agricultural outcomes from the economics literature, with a focus on methodological questions. Some key econometric issues associated with climate impact measurement are discussed. We also outline important questions that have not been adequately addressed and suggest directions for future research.
Download or read book Handbook on Climate Change and Agriculture written by Ariel Dinar and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ô. . . this book is a very useful resource for the lawyer. . . makes a good start by presenting a wide-ranging portfolio of multidisciplinary research that will assist in progressing the task, challenging though it may be.Õ Ð Chris Rodgers, Environmental Liability This book explores the interaction between climate change and the agriculture sector. Agriculture is essential to the livelihood of people and nations, especially in the developing world; therefore, any impact on it will have significant economic, social, and political ramifications. Scholars from around the world and from various fields have been brought together to explore this important topic. The contributions found here analyze direct agronomic effects, the economic impacts on agriculture, agricultural impacts on the economy, agricultural mitigation, and farmer adaptation. The authors argue that climate change is likely to have an extensive impact on agriculture around the world through changes in temperature, precipitation, concentrations of carbon dioxide, and available water flows. This thorough and timely volume is an invaluable resource for anyone interested in exploring the impacts of climate change in arguably the most important sector of the world economy. Economists, agronomists, and climate modelers in academia and the public sector, policy analysts and development agency staff, and graduate/postgraduate students will find this remarkable volume a welcome addition to their collection.
Download or read book Climate Change and Agriculture Impacts Adaptation and Mitigation written by Wreford Anita and published by OECD Publishing. This book was released on 2010-06-17 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the economic and policy issues related to the impacts of climate change on agriculture and adaptation responses and to the mitigation of greenhouse gases from agriculture.
Download or read book Valuing Climate Damages written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-06-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.
Download or read book Principles of Environmental Physics written by John Monteith and published by Butterworth-Heinemann. This book was released on 1990-02-15 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly revised and up-dated edition of a highly successful textbook.
Download or read book Shock Waves written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2015-11-23 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.
Download or read book Global Warming and Agriculture Impact Estimates by Country written by William R. Cline and published by Peterson Institute. This book was released on 2007 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book North Sea Region Climate Change Assessment written by Markus Quante and published by Springer. This book was released on 2016-08-31 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an up-to-date review of our current understanding of climate change in the North Sea and adjacent areas, as well as its impact on ecosystems and socio-economic sectors. It provides a detailed assessment of climate change based on published scientific work compiled by independent international experts from climate-related disciplines such as oceanography, atmospheric sciences, marine and terrestrial ecology, using a regional evaluation and review process similar to that of the Intergovernmental Panel on Climate Change (IPCC). It provides a comprehensive overview of all aspects of our changing climate, discussing a wide range of topics including past, current and future climate change, and climate-related changes in marine, terrestrial and freshwater ecosystems. It also explores the impact of climate change on socio-economic sectors such as fisheries, agriculture, coastal zone management, coastal protection, urban climate, recreation/tourism, offshore activities/energy, and air pollution.
Download or read book Review of the Draft Fourth National Climate Assessment written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-06-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.
