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Climate change and economic activity: the impacts, the methods and the case of Greece
(2022-02-21) Exintaveloni, Danai-Sofia; Athens University of Economics and Business, Department of Economics; Vasilatos, Evangelos; Kammas, Pantelis; Economides, George
The present dissertation investigates the phenomenon of climate change and its impact on economic activity, highlighting the fact that the link between the climate and the economy goes in both ways. This means that human activity is responsible for climate change but is also going to be affected by it. It is shown that mostly negative consequences are expected as the variation of climate conditions increases. It subsequently discusses the different methods developed for assessing these impacts, including simpler analyses but also more complicated modelling frameworks, as well as the concerns raised in the literature concerning these methods. The dissertation also investigates the environmental and economic consequences of climate change in Greece with an emphasis on the tourism sector, due to its importance for the country’s economy. It is found that climate change will have mostly negative effects on the country’s overall economy, while concerning the tourism sector there are mixed positive and negative effects. It concludes that climate change is getting more severe and immediate actions and measures are needed for the mitigation of the phenomenon but also for adaptation in the new climate circumstances that are inevitable. Also, research should continue towards developing methods and tools that will allow for more accurate predictions and reduced uncertainty around the underlying parameters.