|sector:||Agriculture, Energy, Fisheries, Forestry, Industry, Services, Tourism, Transport|
|hazard:||Precipitation change, Temperature rise|
|by H. Asbjørn Aaheim, Therese Dokken
The macroeconomic analysis is based on the integrated computable general equilibirium (CGE) model GRACE-adapt, which differs from other integrated CGE models in two respects
The estimates of climate change impacts are based on an interpretation of results from European assessments, which are further described in a separate sheet. In most sectors, the impacts are explained as simple function of changes in temperature and precipitation1.
The model was run with all provinces simultaneously. Hence trade effects are taken into account. The rest of the world is represented by two regions only (developed and developing countries), but no impacts of climate change were assumed in these regions. Thus, the results can be regarded as the partial climate impacts for the EU, although trade effects between EU and the rest of the world spurred by climate change within EU is included.
1for details see: A. Aaheim, H. Amundsen T. Dokken, T. Ericson and T. Wei "A macroeconomic assessment of impacts and adaptation to climate change in Europe", ADAM, final ADAM delivery to EC. 2009
© 2009 ADAM, Adaptation and Mitigation Strategies: Supporting European climate policy