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The Impact of Extreme Temperatures on the Main European Economic Sectors

Author

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  • Emilia Balan

Abstract

Over the years, the extreme temperatures had a severe impact on ecosystems and human societies, resulting in negative consequences for agriculture, biodiversity, water supply, industries, tourism, transportation, etc. and generating economic losses. However the amount of the economic losses caused by such extreme events and their impact on European economic sectors cannot be exactly quantified, given the multitude of factors that contribute to the events. The purpose of this article is to highlight the effects of climate change in general, and particularly of extreme temperatures – as they are identified in the academic literature related to climate change – on European economic sectors and government policies.

Suggested Citation

  • Emilia Balan, 2014. "The Impact of Extreme Temperatures on the Main European Economic Sectors," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 6(3), September.
    • Handle: RePEc:iem:journl:v:6:y:2014:i:3:id:2822000009237095
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/176/200
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    More about this item

    Keywords

    global warming; extreme temperatures; agriculture; forestry; industry; energy;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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