Climate change economics in Vietnam : redefining economic impact / Christian Otto, Christoph Schult, Thomas Vogt ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association

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Climate change economics in Vietnam

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1936246627

URN

urn:nbn:de:gbv:3:2-123456789-1178379

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Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2025

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1 Online-Ressource (III, 53 Seiten, 2,92 MB) : Diagramme

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Sprache

eng

Anmerkungen

Literaturverzeichnis: Seite 33-43

Inhaltliche Zusammenfassung

Vietnam, a lower-middle-income economy, faces severe climate risks from heat waves, sea-level rise, and tropical cyclones, which are expected to intensify under ongoing global warming. Using a dynamic general equilibrium model, we analyze economic transition dynamics from 2015 to 2100, incorporating heat-induced labor productivity losses, agricultural land loss, and cyclone-related property damage. We compare a Paris-compatible scenario limiting warming to below 2 °C with a high-emission scenario reaching 4–5 °C. While output and investment impacts remain highly uncertain and statistically indistinguishable across scenarios until 2100, consumption losses are significantly larger under high emissions, mainly driven by heat-related productivity declines, with cyclones contributing most to uncertainty. These findings underscore the importance of considering multiple impact channels beyond output damages in climate-development research.

Schriftenreihe

IWH discussion papers ; 2025, no. 15 (September 2025) ppn:837399270

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