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Economic Valuation of Climate Change Impacts

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Environmental Sustainability and Applications".

Deadline for manuscript submissions: closed (31 August 2021) | Viewed by 3806

Special Issue Editors

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Guest Editor
Department of Economic Analysis and Political Economy, Universidad de Sevilla, 41004 Sevilla, Spain
Interests: environmental economics; sustainability; energetic policy
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Economic Analysis and Public Policy Department, University of Sevilla, Spain
Interests: climate change economics; environmental economics; agricultural economics; common agricultural policy; rural development; evaluation of public goods; experimental economics; farm-level modeling

Special Issue Information

Dear Colleagues,

The Paris Agreement adopted by all UNFCCC (United Nations Framework Convention on Climate Change) Parties in December 2015 is the first-ever universal legally binding global climate agreement. The target is to limit global warming to 1.5 degrees compared to pre-industrial levels in order to reduce the risks and impacts of climate change and ensure environmental sustainability.

In order to set climate policies, technological, natural science, and economic evidence is needed. In this Special Issue, we will focus on the economic analysis of climate change considering adaptation and mitigation. Climate change affects (usually negatively, but some sectors may benefit) the economy due to adaptation and responses to extreme temperature events, lower water levels in lakes and streams and increased forest fire risk (among others). In addition, cost-effectiveness analysis is used to inform policymakers about the costs, benefits, and tradeoffs of climate change mitigation scenarios. One of the main challenges in assessing the long-term economics of mitigating climate change is the uncertainty of the input parameters of the models to predict climate change that will affect the key macro-economic indicators (employment, economic growth, etc.).

This Special Issue will incorporate articles that examine the economic impacts of climate change using economic models or quantitative assessments. Papers on innovative developments, reviews, and case studies are also welcome.

Prof. Dr. José M. Cansino
Prof. Dr. María del Pilar Espinosa Goded
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.


  • Climate change
  • Economic and environmental modeling
  • Cost-benefit analysis
  • Econometric analysis
  • Uncertainty
  • Social cost of carbon
  • Carbon price
  • Adaptation
  • Mitigation
  • Consumer behavior—willingness to pay

Published Papers (1 paper)

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12 pages, 1710 KiB  
An Assessment of Global Macroeconomic Impacts Caused by Sea Level Rise Using the Framework of Shared Socioeconomic Pathways and Representative Concentration Pathways
by Osamu Nishiura, Makoto Tamura, Shinichiro Fujimori, Kiyoshi Takahashi, Junya Takakura and Yasuaki Hijioka
Sustainability 2020, 12(9), 3737; - 5 May 2020
Cited by 4 | Viewed by 3226
Coastal areas provide important services and functions for social and economic activities. Damage due to sea level rise (SLR) is one of the serious problems anticipated and caused by climate change. In this study, we assess the global economic impact of inundation due [...] Read more.
Coastal areas provide important services and functions for social and economic activities. Damage due to sea level rise (SLR) is one of the serious problems anticipated and caused by climate change. In this study, we assess the global economic impact of inundation due to SLR by using a computable general equilibrium (CGE) model that incorporates detailed coastal damage information. The scenario analysis considers multiple general circulation models, socioeconomic assumptions, and stringency of climate change mitigation measures. We found that the global household consumption loss proportion will be 0.045%, with a range of 0.027−0.066%, in 2100. Socioeconomic assumptions cause a difference in the loss proportion of up to 0.035% without greenhouse gas (GHG) emissions mitigation, the so-called baseline scenarios. The range of the loss proportion among GHG emission scenarios is smaller than the differences among the socioeconomic assumptions. We also observed large regional variations and, in particular, the consumption losses in low-income countries are, relatively speaking, larger than those in high-income countries. These results indicate that, even if we succeed in stabilizing the global mean temperature increase below 2 °C, economic losses caused by SLR will inevitably happen to some extent, which may imply that keeping the global mean temperature increase below 1.5 °C would be worthwhile to consider. Full article
(This article belongs to the Special Issue Economic Valuation of Climate Change Impacts)
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