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The implications of climate change for extreme weather events and their socio-economic consequences in Finland

Author

Listed:
  • Perrels, Adriaan
  • Veijalainen, Noora
  • Jylhä, Kirsti
  • Aaltonen, Juha
  • Molarius, Riitta
  • Porthin, Markus
  • Silander, Jari
  • Rosqvist, Tony
  • Tuovinen, Tarja

Abstract

This publication reports on the main findings of the entire TOLERATE project, which was an integrated natural science – social science project for the assessment of climate changed induced changes of extreme weather events and their social-economic consequences at a regional level. It includes regional projections of changes in climate conditions in Finland, with special reference to (short) periods with extremely abundant and extreme scant precipitation respectively. Based on these projections changes in river flood risks are assessed for two water shed areas by means of hydrological models. The resulting flood maps for events with different return times are subsequently evaluated with respect to their direct damage cost and with respect to the overall macroeconomic impacts in the region. With the aid of a group decision support system alternative flood risk mitigation options (investment alternatives) were preliminary explored with the aim to arrive at a ranking of alternatives based on a mix of criteria.

Suggested Citation

  • Perrels, Adriaan & Veijalainen, Noora & Jylhä, Kirsti & Aaltonen, Juha & Molarius, Riitta & Porthin, Markus & Silander, Jari & Rosqvist, Tony & Tuovinen, Tarja, 2010. "The implications of climate change for extreme weather events and their socio-economic consequences in Finland," Research Reports 158, VATT Institute for Economic Research.
    • Handle: RePEc:fer:resrep:158
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    File URL: https://www.doria.fi/handle/10024/148695
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    Citations

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    Cited by:

    1. Matthew Ranson & Lisa Tarquinio & Audrey Lew, 2016. "Modeling the Impact of Climate Change on Extreme Weather Losses," NCEE Working Paper Series 201602, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised May 2016.
    2. Simola, Antti & Perrels, Adriaan & Honkatukia, Juha, 2011. "Extreme weather events in Finland – a dynamic CGE-analysis of economic effects," Conference papers 332099, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Athanasios Votsis & Adriaan Perrels, 2016. "Housing Prices and the Public Disclosure of Flood Risk: A Difference-in-Differences Analysis in Finland," The Journal of Real Estate Finance and Economics, Springer, vol. 53(4), pages 450-471, November.
    4. Honkatukia, Juha & Marttila, Kimmo, 2011. "The effects of energy taxes on energy consumption in Finland between 1995 and 2004 - An historical analysis using the VATTAGE-model," Research Reports 162, VATT Institute for Economic Research.
    5. Timo Assmuth & Tanja Dubrovin & Jari Lyytimäki, 2020. "Human health in systemic adaptation to climate change: insights from flood risk management in a river basin," Environment Systems and Decisions, Springer, vol. 40(3), pages 427-443, September.
    6. Silvennoinen, Sveta & Taka, Maija & Yli-Pelkonen, Vesa & Koivusalo, Harri & Ollikainen, Markku & Setälä, Heikki, 2017. "Monetary value of urban green space as an ecosystem service provider: A case study of urban runoff management in Finland," Ecosystem Services, Elsevier, vol. 28(PA), pages 17-27.
    7. Bednar-Friedl, Birgit & Kulmer, Veronika & Schinko, Thomas, 2011. "Effects of different EU climate policy scenarios on Austria’s trade and carbon balances," Conference papers 332100, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Rosqvist, Tony & Molarius, Riitta & Virta, Hanna & Perrels, Adriaan, 2013. "Event tree analysis for flood protection—An exploratory study in Finland," Reliability Engineering and System Safety, Elsevier, vol. 112(C), pages 1-7.

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