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Counting the cost of climate change at an agricultural level [electronic resource] / by John Quiggin
Bib ID 5548667
Format BookBook, OnlineOnline
Author
Quiggin, John
 
Online Access
Online Versions
Description Brisbane, Qld. : Risk & Sustainable Management Group, 2005 
Series

Climate change working paper ; 2005/01. 1835-7245.

PANDORA electronic collection

Technical Details

Mode of access: Internet via World Wide Web. Address as at 12/08/2011: http://www.uq.edu.au/rsmg/working-papers-rsmg. 

System requirements: Adobe Acrobat reader to access the document in PDF format. 

Summary

The effects of global climate change on agriculture will be diverse and complex. Some important qualitative conclusions emerge from the literature. First, it is important to focus on the rate at which climate changes and the capacity of farmers to adjust, rather than on absolute changes in temperature. Second, given that significant warming is inevitable, it is important to focus on the marginal effects of feasible changes in the rate of warming, rather than on the aggregate rate of warming. With a convex damage function, the expected marginal cost of warming may be large even when aggregate damage, given the expected rate of warming, is close to zero. Third, uncertainty is crucial and remains poorly understood. In particular, modelling of low-probability catastrophic outcomes remains very limited. Finally, it seems likely that global climate change will enhance extremes of all kinds.

Notes

Title from title screen (viewed on Aug. 12, 2011)

Includes bibliographical references (p. 18-21)

Text.

Selected for archiving

Subjects Crops and climate.  |  Climatic changes.
Other authors/contributors University of Queensland. Risk and Sustainable Management Group

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