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Amenity Value of the Global Climate
David Maddison
Price: $ 32.5

The economic impacts of climate change are crucial to the policy issues, and understanding them requires a way of measuring the value of climate to the economy. In this book, David Maddison uses economic valuation methods to determine the amenity value of climate to different sectors of the economy in different regions of the world. They include the household sector, agriculture and tourism and they cover Britain, the United States, Italy, India and Russia. He aims both to show how the value of climate can be established, such as from agricultural land values, and to explore the factors that will influence the impact of climate change on the economy, such as the mobility of the population. His work shows that global climate change will produce a complex pattern of winners and losers, and challenges the idea that climate change will be uniformly harmful.

The book makes a significant contribution to environmental economics, advancing an approach that will stimulate debate and further work in the area, and that has important implications for policy responses to climate change.

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