1. Incorporating climate uncertainty into estimates of climate change impacts
- Author
-
Burke, M, Dykema, J, Lobell, DB, Miguel, E, and Satyanath, S
- Subjects
Climate-Related Exposures and Conditions ,Generic Health Relevance ,Applied Economics ,Econometrics ,Economics - Abstract
Quantitative estimates of the impacts of climate change on economic outcomes are important for public policy. We show that the vast majority of estimates fail to account for well-established uncertainty in future temperature and rainfall changes, leading to potentially misleading projections. We reexamine seven well-cited studies and show that accounting for climate uncertainty leads to a much larger range of projected climate impacts and a greater likelihood of worst-case outcomes, an important policy parameter. Incorporating climate uncertainty into future economic impact assessments will be critical for providing the best possible information on potential impacts.
- Published
- 2015