Vulnerability of London’s Economy to Climate Change: Sensitivity to Production Loss

Crawford-Brown, Douglas, Syddall, Mark, Guan, Dabo, Hall, Jim, Li, Jun, Jenkins, Katie ORCID: https://orcid.org/0000-0002-6740-5139 and Beaven, Rachel (2013) Vulnerability of London’s Economy to Climate Change: Sensitivity to Production Loss. Journal of Environmental Protection, 04 (06). pp. 548-563. ISSN 2152-2197

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Abstract

A variant of the Adaptive Regional Input-Output model (ARIO) has been developed to explore the sensitivity of the London economy to loss of production capacity in sectors affected by climate change related damage. The model is designed for linking to an Event Accounting Matrix (EAM) produced by climate and engineering teams, and then follow this damage through direct and indirect losses in the economy during a recovery process that is either demand-led (in which recovery of production capacity takes place only as demand recovers) or investment-led (where recovery of production capacity can precede demand). Outputs from the model are used to assess the relative vulnerability of London’s economy to production capacity (Capital stock) loss in each of the 42 economic sectors, for purposes of identifying where to most effectively allocate resources to climate change adaptation strategies or to recovery operations when used in conjunction with an EAM. Measures of impact related to GDP loss, recovery time and the ratio of indirect to direct losses are developed for these scenarios. Results show that indirect losses are a significant component of total losses, with a multiplier of between 1.3 and 2 depending on the scale of initial damage.

Item Type: Article
Uncontrolled Keywords: sdg 13 - climate action ,/dk/atira/pure/sustainabledevelopmentgoals/climate_action
Faculty \ School: Faculty of Social Sciences > School of Global Development (formerly School of International Development)
Faculty of Science > School of Environmental Sciences
UEA Research Groups: University of East Anglia Schools > Faculty of Science > Tyndall Centre for Climate Change Research
Faculty of Science > Research Centres > Tyndall Centre for Climate Change Research
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Depositing User: LivePure Connector
Date Deposited: 29 May 2021 00:13
Last Modified: 20 Oct 2023 01:18
URI: https://ueaeprints.uea.ac.uk/id/eprint/80167
DOI: 10.4236/jep.2013.46064

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