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The economic consequences of climate change OECD Environment Directorate

Opening Remarks - Simon Upton

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Page 1: Opening Remarks - Simon Upton

The economic consequences of climate change

OECD Environment Directorate

Page 3: Opening Remarks - Simon Upton

3

Regional cost of selected climate impacts

Source: ENV-Linkages calculations

Uncertainty ranges in 2060 dueto uncertainty in ECS

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

2010 2020 2030 2040 2050 2060

-South & South East Asia

OECD Pacific

Rest of Europe & Asia

OECD Europe

Latin America

OECD America

World

-Sub Saharan Africa

Middle East & North Africa

Page 4: Opening Remarks - Simon Upton

4

Global importance of different impacts

Source: ENV-Linkages calculations

Global GDP loss:0.3-1.0% 1.0-3.3%

Agriculture

Coastal Zones

Energy Demand

Extreme Precipitation

Events

Health

Tourism Demand

Global damages 2060

Agriculture

Coastal Zones

Energy Demand

Extreme Precipitation

Events

Health

Tourism Demand

Global damages 2035

Page 5: Opening Remarks - Simon Upton

5

Damages with policy controls

Source: Preliminary AD-DICE calculations

-10%

-9%

-8%

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2075 2080 2085 2090 2095 2100

Likely uncertainty range - no policies

Likely uncertainty range - optimal policies

Central projection - no policies

Central projection - optimal policies-10%

-9%

-8%

-7%

-6%

-5%

-4%

-3%

-2%

-1%

0%

2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2075 2080 2085 2090 2095 2100

Likely uncertainty range - no policies

Likely uncertainty range - optimal policies

Central projection - no policies

Central projection - optimal policies

Page 6: Opening Remarks - Simon Upton

THANK YOU!

For more information: www.oecd.org/environment/CIRCLE.htm

www.oecd.org/environment/modelling

[email protected]