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A Roadmap to Assess the Economic Cost of Climate Change with an Application to Hurricanes in the United States

This talk presents a methodological roadmap to assess macro-economic damages from climate change. To do so, it explores a single manifestation of climate change in a single location: an increase in hurricane intensity in the United States. The presentation starts from a global climate change, and follows the causal chain to total macro-economic losses. First, the large-scale change is downscaled to a spatial scale pertinent to investigate socio-economic impacts. Here, the Emanuel hurricane model is used to estimate present and future local landfall probabilities. Second, a statistical analysis of historical landfalls is used to translate these probability changes into direct ...
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