The Economic consequences of Climate change’ published by OECD in 2015, provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond.
It focuses on how climate change affects different drivers of growth, including labour productivity and capital supply, in different sectors across the world.
The sectoral and regional analysis shows that while the impacts of climate change spread across all sectors and all regions, the largest negative consequences are projected to be found in the health and agricultural sectors, with damages especially strong in Africa and Asia.
This Report uses a detailed multi-sectoral, multi-regional dynamic General Equilibrium modelling framework ( the OECD ENV-Linkages model) to link climate change impacts to specific aspects of economic activity, such as labour productivity, the supply of production factors such as capital, and changes in the structure of demand.
This detailed analysis is used to asses damages untill 2060, and is complemented by a more stlylised analysis of post-2060 damages (using the AD-DICE integrated assessment model).