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The Economic Consequences of Climate Change

image of The Economic Consequences of Climate Change

This report provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond. It focuses on how climate change affects different drivers of growth, including labour productivity and capital supply, in different sectors across the world. The sectoral and regional analysis shows that while the impacts of climate change spread across all sectors and all regions, the largest negative consequences are projected to be found in the health and agricultural sectors, with damages especially strong in Africa and Asia.

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Executive summary

This report provides a detailed global quantitative assessment of the direct and indirect economic consequences of climate change (i.e. climate damages) for a selected number of impacts: changes in crop yields, loss of land and capital due to sea level rise, changes in fisheries catches, capital damages from hurricanes, labour productivity changes and changes in healthcare expenditures from diseases and heat stress, changes in tourism flows, and changes in energy demand for cooling and heating. Other major impacts of climate change are investigated outside the modelling framework.

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