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SUMMARY:Global Temperature and Global Mortality
DTSTART;TZID=Europe/London:20260608T150000
DTEND;TZID=Europe/London:20260608T161500
DTSTAMP:20260601T002821Z
UID:e097d98d-6219-f111-8342-7c1e522d9057
CREATED:20260306T140207Z
DESCRIPTION:This paper documents large indirect mortality impacts of clima
 te change. Exploiting natural global temperature variability\, we find tha
 t 1°C of warming increases annual mortality by 2.5 deaths per 1\,000 indi
 viduals\, compared to 0.1 deaths per 1\,000 due to the associated local he
 at exposure. Using external estimates of the impact of global income on mo
 rtality\, we show that the macroeconomic effects of global temperature cha
 nges explain 70% of the gap between these estimates. We use this evidence 
 to estimate damage functions in a neoclassical growth model with finite li
 fespans. Mortality contributes $420 per ton of CO2 to the Social Cost of C
 arbon\, or one quarter of total climate damages. These results suggest tha
 t economic adaptation has a double dividend by also reducing climate-relat
 ed mortality.
LAST-MODIFIED:20260526T141905Z
LOCATION:Manor Road Building - Seminar Room C\, Seminar Room C Manor Road 
 Building Manor Road Oxford Oxfordshire OX1 3UQ United Kingdom
SPEAKER:Adrien Bilal
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