Costs of Island inundations not significant?

On the costs and benefits of climate change;

Robert Mendelsohn, professor at the Yale School of Forestry and Environmental Studies, argues that such negative costs may still be less than the benefits.

He sees a net global warming bonus in the near-term, as higher farming yields in northern countries offsets damage elsewhere, especially in Africa.

"In that sense it doesn't make sense to spend money right now," Mendelsohn said, adding that beyond 2050 and a 2 degrees Celsius rise the damage and need for action grows.

He added that he does not cost species extinctions and health effects, and only crudely measures the cost of island inundations.

Richard Tol, Senior Research Officer at Ireland's Economic and Social Research Institute, has a similar stance.

"(My damage estimate) does hide some things that some people will get very upset about," Tol said. "From an economic perspective small island states are so tiny and people are moving out of there anyway."

As an example Tol estimates the welfare loss of the Maldives submerging at three times the inhabitants' annual salaries, in addition to the 100 percent loss of the country's GDP.

Citizens are happy to value the preservation of the global ecosystem at a cost of 50 euros per person per year, Tol says, but added he does not factor in the risk of rapid sea level rise…”

Related;
Leave The Maldives To Sink, Senior Scientist Says
Stern Review on the Economics of Climate Change
The Politics of Climate Change;

“The Bush administration has blocked release of a report that suggests global warming is contributing to the frequency and strength of hurricanes, the journal Nature reported Tuesday. The possibility that warming conditions may cause storms to become stronger has generated debate among climate and weather experts, particularly in the wake of the Hurricane Katrina disaster.”

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This page contains a single entry by Paul published on September 27, 2006 4:09 PM.

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