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Sustainability 2015, 7(4), 4131-4145; doi:10.3390/su7044131

The Economic Costs of Climate Change: A Multi-Sector Impact Assessment for Vietnam

1
United Nations University World Institute for Development Economics Research, Katajanokanlaituri 6 B, 00160 Helsinki, Finland
2
University of Copenhagen, Øster Farimagsgade 5, building 35, DK-1353 Copenhagen K, Denmark
3
International Food Policy Research Institute, 2033 K Str. NW, Washington, DC 20006, USA
*
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 1 February 2015 / Revised: 24 March 2015 / Accepted: 25 March 2015 / Published: 9 April 2015
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Abstract

We adopt a multi-sectoral approach and consider the full range of climate projections. Biophysical damages are translated into economic costs using a dynamic economy-wide model. Our results indicate that the negative impacts on agriculture and roads are modest to 2050. Larger costs are caused by rising sea levels and cyclone strikes. Overall, climate change is likely to reduce national income by between one and two percent by 2050 (relative to a historical baseline). Damages double under more extreme projections. Our findings suggest that there are net benefits from selected pre-emptive actions though careful consideration of opportunity costs is required. View Full-Text
Keywords: climate change; uncertainty; multi-sector; CGE model; Vietnam climate change; uncertainty; multi-sector; CGE model; Vietnam
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Arndt, C.; Tarp, F.; Thurlow, J. The Economic Costs of Climate Change: A Multi-Sector Impact Assessment for Vietnam. Sustainability 2015, 7, 4131-4145.

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