This paper quantifies hurricane damage caused by climate change across the US. A
damage function is estimated from historic hurricane data to measure the impacts
at each location given the storm's strength.
The minimum barometric pressure of
each storm turns out to be a better indicator of damages than the traditional
measure of maximum wind speed. A hurricane generator in the Atlantic Ocean is
then used to create 5000 storms with and without climate change.
Combining the
location and intensity of each storm with the income and population projected
for each location, it is possible to estimate a detailed picture of how
hurricanes will impact each state with and without climate change. Income and
population growth alone increase expected baseline damage from $9 to $27 billion
per year by 2100.
Climate change is expected to increase damage by another $40
billion. Over 85 percent of these impacts are in Florida and the Gulf states.
The 10 percent most damaging storms cause 93 percent of expected damage.
Author: Mendelsohn, Robert;Emanuel,Kerry;Chonabayashi,Shun;Document Date: 2011/02/01. Document Type: Policy Research Working Paper. Report Number: WPS5561. Volume No: 1 of 1
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