Assessing the Economic Cost of Greenhouse-Induced Sea Level Rise: Methods and Application in Support of a National Survey. Yohe, G., Neumann, J., & Ameden, H. Journal of Environmental Economics and Management, 29(3):S78–S97, November, 1995. ![Assessing the Economic Cost of Greenhouse-Induced Sea Level Rise: Methods and Application in Support of a National Survey [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper doi abstract bibtex The potential cost of sea level rise has dominated many of the recent estimates of the economic damage that greenhouse warming might inflict on the United States over the course of the next century. The cost of coastal protection and abandonment accounted for more than 80% of the early Nordhaus estimate of likely damages-part of a review of the then-existing evidence which suggested that an effective doubling of atmospheric carbon concentrations might cost 0.26% of annual GDP. The proportion of total cost attributed to sea level rise was a much smaller 11% in Cline, but the sea level rise costs that he quoted were among the most broadly accepted of his longer list of damages. The relative importance of sea level rise in assessing the potential cost of greenhouse warming, and thus in evaluating the potential benefit of any mitigating strategy, has brought the original damage estimates under closer scrutiny. A series of integrated assessments of aggregate damages has begun. Each has noted that the Titus estimates were based on the assumptions that all developed property would be protected and that all undeveloped property, including wetlands, would be abandoned. These assumptions were supported by comparisons of the economic vulnerability estimates produced by Yohe and protection cost estimates produced by Weggel, but they are clearly too simplistic. Some of each type of property will be abandoned, though, in which case the true (future) economic cost of sacrificed property must also be added to the damage calculus across an equally diverse collection of coastal sites. Moreover, the decision of when, whether, and for how long to protect any piece of property will involve accurately weighing the tradeoff between the cost of its protection and the economic cost of its abandonment-a balancing calculation which must be conducted on a site by site basis. The key is to consider the world as it is likely to be and not necessarily as it is now.
@article{yohe_assessing_1995,
title = {Assessing the {Economic} {Cost} of {Greenhouse}-{Induced} {Sea} {Level} {Rise}: {Methods} and {Application} in {Support} of a {National} {Survey}},
volume = {29},
issn = {00950696},
shorttitle = {Assessing the {Economic} {Cost} of {Greenhouse}-{Induced} {Sea} {Level} {Rise}},
url = {http://linkinghub.elsevier.com/retrieve/pii/S0095069685710625},
doi = {10.1006/jeem.1995.1062},
abstract = {The potential cost of sea level rise has dominated many of the recent estimates of the economic damage that greenhouse warming might inflict on the United States over the course of the next century. The cost of coastal protection and abandonment accounted for more than 80\% of the early Nordhaus estimate of likely damages-part of a review of the then-existing evidence which suggested that an effective doubling of atmospheric carbon concentrations might cost 0.26\% of annual GDP. The proportion of total cost attributed to sea level rise was a much smaller 11\% in Cline, but the sea level rise costs that he quoted were among the most broadly accepted of his longer list of damages. The relative importance of sea level rise in assessing the potential cost of greenhouse warming, and thus in evaluating the potential benefit of any mitigating strategy, has brought the original damage estimates under closer scrutiny. A series of integrated assessments of aggregate damages has begun. Each has noted that the Titus estimates were based on the assumptions that all developed property would be protected and that all undeveloped property, including wetlands, would be abandoned. These assumptions were supported by comparisons of the economic vulnerability estimates produced by Yohe and protection cost estimates produced by Weggel, but they are clearly too simplistic. Some of each type of property will be abandoned, though, in which case the true (future) economic cost of sacrificed property must also be added to the damage calculus across an equally diverse collection of coastal sites. Moreover, the decision of when, whether, and for how long to protect any piece of property will involve accurately weighing the tradeoff between the cost of its protection and the economic cost of its abandonment-a balancing calculation which must be conducted on a site by site basis. The key is to consider the world as it is likely to be and not necessarily as it is now.},
language = {en},
number = {3},
urldate = {2017-05-05},
journal = {Journal of Environmental Economics and Management},
author = {Yohe, Gary and Neumann, James and Ameden, Holly},
month = nov,
year = {1995},
keywords = {GA, Untagged},
pages = {S78--S97},
}
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