A bioeconomic model of key fisheries of the Barents Sea is run with scenarios generated by an earth system model of intermediate complexity to assess how the Barents Sea fisheries of cod (Gadus morhua) and capelin (Mallotus villosus) are affected by changes in the Atlantic thermohaline...

Climate change can lead to a substantial reduction of the strength of the thermohaline circulation in the world oceans. This is often thought to have severe consequences particularly on the North Atlantic region and Northern and Western Europe. The integrated assessment model FUND is used to...

We investigate the relationship between a thousand-year history of violent conflict in Europe and various reconstructions of temperature and precipitation. We find that conflict was more intense during colder periods. This relationship is weakening over time, and is not robust to the details of...

Research into the social cost of carbon emissions — the marginal social damage from a ton of emitted carbon — has tended to focus on “best guess” scenarios. Such scenarios generally ignore the potential for low-probability, high-damage events, which are critically important to...

Two reasons to be concerned about climate change are its unjust distributional impact and its negative aggregate effect on economic growth and welfare. Although our knowledge of the impact of climate change is incomplete and uncertain, economic valuation is difficult and controversial, and the...

Tourism is one of the largest and fastest growing economic sectors. Tourism is obviously related to climate, as tourists prefer spending time outdoors and travel to enjoy the sun or landscape. It is therefore surprising that the tourism literature pays little attention to climate and climatic...

The Kleines Land Use Model (KLUM), is a global agricultural landallocation model, developed as a tool to dynamically couple global state-of-the-art vegetation and economy models. The allocation process is based on profit maximisation, assuming risk aversion and decreasing returns to scales. The...