Simulation of economic losses from tropical cyclones in the years 2015 and 2050: the effects of anthropogenic climate change and growing wealth

• Main Authors: Schmidt, Silvio, Kemfert, Claudia, Faust, Eberhard
• Format: Report
• Language: English
• Published: Berlin: Deutsches Institut für Wirtschaftsforschung (DIW) 2009
• Subjects: Klimaveränderung; Sturm; Soziale Kosten; Versicherungsschaden; Prognose; Simulation; Wahrscheinlichkeitsrechnung; USA; Climate change; tropical cyclones; natural catastrophes; insurance; North Atlantic
• Online Access: https://www.econstor.eu/bitstream/10419/29735/1/608201324.pdf

This paper simulates the increase in the average annual loss from tropical cyclones in the North Atlantic for the years 2015 and 2050. The simulation is based on assumptions concerning wealth trends in the regions affected by the storms, considered by the change in material assets (capital stock). F...