Amir Jina, University of Chicago. "Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits"
ESOP seminar. Amir Jina is an Assistant Professor at Harris School of Public Policy, University of Chicago. He will present the paper: "Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits".
We develop empirically-grounded estimates of willingness-to-pay to avoid excess mortality risks caused by climate change. Using 40 countries’ subnational data, we estimate a mortality-temperature relationship that enables global extrapolation to countries without data and projection of its future evolution, accounting for adaptation benefits. Further, we develop a revealed preference approach to recover unobserved adaptation costs. We combine these components with 33 high-resolution climate simulations, which produces a right-skewed distribution of global WTP with a mean of $38.1 per tCO2 under a high emissions scenario. Projections generally indicate increased mortality in today’s poor locations and higher adaptation expenditures in rich ones.