CIRCL
Further degradation of the environment and natural capital can compromise prospects for future economic
well-being. The OECD Environmental Outlook to 2050: Consequences of Inaction (OECD, 2012) projected s
of climate change, biodiversity loss, water scarcity and health impacts of pollution by 2050, unless more am
implemented. The Environmental Outlook, however, presented a one-way analysis of the impacts of socioe
on the environment. Specifically, it took no account of the feedbacks from environmental challenges and re economy. This report, The Economic Consequences of Climate Change seeks to address this gap through
modelling framework that links climate change impacts to specific aspects of regional economic activity, s
productivity, the supply of production factors such as capital, and changes in the structure of demand. This
which covers a wide range of impact categories including agriculture, coastal zones, some extreme events
and tourism demand, is used to assess the economic consequences of climate change until 2060, and is co stylised integrated assessment modelling of post-2060 economic impacts.