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Multidimensional welfare indices and the IPCC 6th Assessment Report scenarios

Author

Listed:
  • Johannes Emmerling

    (CMCC - Centro Euro-Mediterraneo per i Cambiamenti Climatici [Bologna])

  • Ulrike Kornek

    (CAU - Christian-Albrechts-Universität zu Kiel = Christian-Albrechts University of Kiel = Université Christian-Albrechts de Kiel)

  • Stéphane Zuber

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The IPCC's 6th assessment report (AR6) has provided a wide range of variables and scenarios that meet climate targets of varying ambition. Many variables reported in the AR6 affect human welfare through climate change and mitigation, including but not limited to economic output, the natural environment, human health, and food and energy supply. In some of these dimensions, trade-offs exist between better performance in welfare-relevant dimensions and reaching more ambitious climate targets. Here, we apply recent advances in the theoretical multidimensional measurement of welfare, like the Human Development Index, to the AR6 database. The welfare metric is based on a welfare function approach, simple to apply, and intuitive. We apply a range of specifications of the welfare metric, aiming to derive robust rankings of climate policy targets that perform best in terms of the multidimensional welfare index. Across a large range of weights on welfare-relevant variables, we find that lower temperature is associated with higher welfare in 2100 unless there is a high weight on food supply.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Johannes Emmerling & Ulrike Kornek & Stéphane Zuber, 2024. "Multidimensional welfare indices and the IPCC 6th Assessment Report scenarios," Post-Print halshs-04524550, HAL.
    • Handle: RePEc:hal:journl:halshs-04524550
    DOI: 10.1016/j.ecolecon.2024.108182
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04524550v1
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