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Unformatted text preview: thermal expansion & melting ice Aside from energy, other sectors won’t really be affected Non-market impacts : quality of life (hard to measure damages), ecosystem shits, endangered species (mostly 1 cell organisms), loss of human lives (climate dependent diseases), extreme events (hurricanes, droughts), recreation (skiing, beach) Note: Small fraction of economy affected Double CO 2 = lose 2% of GDP Scientists think things are worse than economists do By 2100 with BAU: -0.5% GDP loss. Why not so bad? Benefits of climate change: early literature only counts damages Adaptation: early lit assumes no change in behavior Growth: early lit assume economy doesn’t change 02:15 02:15...
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This note was uploaded on 01/26/2010 for the course ECON 330 taught by Professor Robertmendelsohn during the Fall '08 term at Yale.
- Fall '08