Total economic costs of climate change at different discount rates for market and non-market values

19019 6 102711 2 313644 document 102711 Oda_2023_Environ._Res._Lett._18_084026.pdf application/pdf 0a8a2cf7f26a8e7ed14e6e06ff380ce5 MD5 1038136 2023-08-21 08:07:36 https://pure.iiasa.ac.at/id/eprint/19019/1/Oda_2023_Environ._Res._Lett._18_084026.pdf 19019 1 1 application/pdf text en public cc_by_4

Oda_2023_Environ._Res._Lett._18_084026.pdf

published 102712 1 313650 document 102712 indexcodes.txt text/plain 76fbf19162bbd9bb29124b3eee8b6e89 MD5 10805 2023-08-21 08:17:16 https://pure.iiasa.ac.at/id/eprint/19019/2/indexcodes.txt 19019 2 2 text/plain other Generate index codes conversion from text to indexcodes en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/102711 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/102711 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/102711 archive 353 disk0/00/01/90/19 2023-08-21 08:09:25 2023-08-21 08:09:25 2023-08-21 08:09:25 article show Oda T. Takakura J. Tang L. Iizumi T. Itsubo N. Ohashi H. Kiguchi M. Kumano N. Takahashi K. Tanoue M. Tamura M. Zhou Q. Hanasaki N. Hasegawa T. Park C. Hijioka Y. Hirabayashi Y. Fujimori S. 8258 0000-0001-7897-1796 Honda Y. Matsui T. Matsuda H. Yokoki H. Oki T. Total economic costs of climate change at different discount rates for market and non-market values pub ECE S3 TISS climate change; climate impacts; discount rate; mitigation cost What will be the aggregated cost of climate change in achieving the Paris Agreement, including mitigation, adaptation, and residual impacts? Several studies estimated the aggregated cost but did not always consider the critical issues. Some do not address non-market values such as biodiversity and human health, and most do not address differentiating discount rates. In this study, we estimate the aggregated cost of climate change using an integrated assessment model linked with detailed-process-based climate impact models and different discount rates for market and non-market values. The analysis reveals that a climate policy with minimal aggregated cost is sensitive to socioeconomic scenarios and the way discount rates are applied. The results elucidate that a lower discount rate to non-market value—that is, a higher estimate of future value—makes the aggregated cost of achieving the Paris Agreement economically reasonable. 2023-08-01 published Institute of Physics Publishing (IOP) doi:10.1088/1748-9326/accdee 2881 public Environmental Research Letters 18 8 e084026 TRUE 1748-9326 no info:eu-repo/semantics/article