Baking Baku - The economic impact of climate change on Eastern Europe

Ware, J., Andrijevic, M. ORCID: https://orcid.org/0000-0003-0199-1988, Vinca, A. ORCID: https://orcid.org/0000-0002-3051-178X, & Byers, E. ORCID: https://orcid.org/0000-0003-0349-5742 (2024). Baking Baku - The economic impact of climate change on Eastern Europe. Christian Aid , London, UK.

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Abstract

As host of COP29, Azerbaijan will be at the centre of this year’s crucial climate summit with the fate of the world’s most vulnerable people at stake. This report shows that the host nation also happens to be the most vulnerable country in the region to climate change induced economic harm. The analysis based on the latest scientific models shows that Azerbaijan’s income is expected to suffer a hit of around 12.6% in 2070 if the world continues to follow a trajectory where current climate pledges (NDCs) are enacted. This would result in global heating of approximately 2.8C by the end of the century. In this scenario the hit to GDP in 2050 would be around 8.5%. If global average temperature rise is kept to 2C the economic harm will be reduced but still significant, with more than a 6% hit to the country’s GDP in 2050 and 2070.

Item Type:	Other
Research Programs:	Energy, Climate, and Environment (ECE) Energy, Climate, and Environment (ECE) > Integrated Assessment and Climate Change (IACC) Energy, Climate, and Environment (ECE) > Sustainable Service Systems (S3) Energy, Climate, and Environment (ECE) > Transformative Institutional and Social Solutions (TISS)
Depositing User:	Michaela Rossini
Date Deposited:	11 Nov 2024 10:32
Last Modified:	11 Nov 2024 10:32
URI:	https://pure.iiasa.ac.at/20110

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