Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin

It is clear that climate change involves changes in temperature and precipitation and, therefore, directly affects land productivity. However, this is not the only channel for climatic change to affect agro-systems. Biodiversity is also subject to climatic change. The present paper illustrates a uni...

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Main Authors:	Palatnik, Ruslana Rachel, Dias Nunes, Paulo Augusto Lourenço
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2014
Subjects:	autonomous adaptation computable general equilibrium modelling biodiversity indicator land productivity human welfare macroeconomic modelling
Online Access:	http://hdl.handle.net/10986/20531

id	okr-10986-20531
recordtype	oai_dc
spelling	okr-10986-205312021-04-23T14:03:56Z Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin Palatnik, Ruslana Rachel Dias Nunes, Paulo Augusto Lourenço autonomous adaptation computable general equilibrium modelling biodiversity indicator land productivity human welfare macroeconomic modelling It is clear that climate change involves changes in temperature and precipitation and, therefore, directly affects land productivity. However, this is not the only channel for climatic change to affect agro-systems. Biodiversity is also subject to climatic change. The present paper illustrates a unique attempt to economically assess the potential effects of climate change induced impacts of biodiversity on the agricultural sector in terms of changes in land productivity, changes in agricultural output and, ultimately, changes in national GDPs. Economic valuation shows that climate change induced impacts on biodiversity cause significant changes in GDP. However, the intensity of these changes varies across the economies under consideration. Some countries, and respective economies, show to be less resilient than others and, most of the time, the welfare changes involved clearly signal the presence of winners and losers. For example, the majority of non-EU Mediterranean economies are subject to a negative impact in their national GDP due to climate change-induced impacts on biodiversity that will be hampering the negative effect of climatic conditions on agro-ecosystems. These results reiterate the importance of welfare analyses of climate change-caused impacts on biodiversity that focus on the redistributive aspects involved with these impacts. 2014-11-13T18:13:42Z 2014-11-13T18:13:42Z 2014-10-14 Journal Article Journal of Environmental Economics and Policy 2160-6544 http://hdl.handle.net/10986/20531 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Middle East and North Africa Europe North Africa Middle East
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	autonomous adaptation computable general equilibrium modelling biodiversity indicator land productivity human welfare macroeconomic modelling
spellingShingle	autonomous adaptation computable general equilibrium modelling biodiversity indicator land productivity human welfare macroeconomic modelling Palatnik, Ruslana Rachel Dias Nunes, Paulo Augusto Lourenço Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
geographic_facet	Middle East and North Africa Europe North Africa Middle East
description	It is clear that climate change involves changes in temperature and precipitation and, therefore, directly affects land productivity. However, this is not the only channel for climatic change to affect agro-systems. Biodiversity is also subject to climatic change. The present paper illustrates a unique attempt to economically assess the potential effects of climate change induced impacts of biodiversity on the agricultural sector in terms of changes in land productivity, changes in agricultural output and, ultimately, changes in national GDPs. Economic valuation shows that climate change induced impacts on biodiversity cause significant changes in GDP. However, the intensity of these changes varies across the economies under consideration. Some countries, and respective economies, show to be less resilient than others and, most of the time, the welfare changes involved clearly signal the presence of winners and losers. For example, the majority of non-EU Mediterranean economies are subject to a negative impact in their national GDP due to climate change-induced impacts on biodiversity that will be hampering the negative effect of climatic conditions on agro-ecosystems. These results reiterate the importance of welfare analyses of climate change-caused impacts on biodiversity that focus on the redistributive aspects involved with these impacts.
format	Journal Article
author	Palatnik, Ruslana Rachel Dias Nunes, Paulo Augusto Lourenço
author_facet	Palatnik, Ruslana Rachel Dias Nunes, Paulo Augusto Lourenço
author_sort	Palatnik, Ruslana Rachel
title	Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
title_short	Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
title_full	Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
title_fullStr	Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
title_full_unstemmed	Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin
title_sort	economic valuation of climate change induced biodiversity impacts on agriculture : results from a macroeconomic application to the mediterranean basin
publisher	Taylor and Francis
publishDate	2014
url	http://hdl.handle.net/10986/20531
_version_	1764445728723173376

Economic Valuation of Climate Change Induced Biodiversity Impacts on Agriculture : Results from a Macroeconomic Application to the Mediterranean Basin

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