The costs of climate change impacts for India
The costs of climate change impacts for India : A preliminary analysis / Vaibhav Chaturvedi. New-Delhi : Council on Energy, Environment and Water, March 2015, 40 p. (working paper)
Presentation (© CEEW) :
This preliminary assessment tries to estimate the cost of global climate change impacts for India. The study aims at estimating first order costs for loss in agriculture productivity and impact on higher power generation requirement with increasing temperatures within a long term global integrated assessment modelling framework. The study also attempts to put a value on the health impacts from temperature rise. The analysis highlights some important results.
- Climate change will result in significant economic losses for India across sectors.
- Production losses in rice, wheat and maize alone could go upto 208 Bn US$ and 366 Bn US$ in 2050 and 2100 respectively (all prices are in 2010 US$).
- Additional power generation could require incremental capital investment of 33 Bn US$ and 123 Bn US$ in 2050 and 2100 respectively for meeting higher cooling energy needs of India.
- Health impacts should be best measured in terms of deaths due to higher incidence of diseases. Diarrheal deaths will decrease with increasing incomes, deaths due to higher spread of Malaria will increase significantly to 5000 in 2050 to 19500 in 2100. Deaths related to Dengue will also increase.
- If disease related deaths are valued at life time earnings, then loss of economic output will be 2.5 Bn US$ and 21 Bn US$ in 2050 and 2100 respectively.