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Jason Batts, Stephen Paskvich Team Mathenomics Dept of Geosciences, Virginia Tech, Blacksburg, VA 24061 INTRODUCTION
Mathematics and Economics are intrinsically linked within the discussion of the effects of climate change. Mathematical models present important information about factors of global climate such as the magnitude of temperature increase and sea level rise. This information can then be used in economic models to anticipate the costs of some aspects of global climate change, such as rising sea level. Differing models can lead to dissimlar predictions about the consequences of climate change and can therefore lead to vastly different economic predictions as well.
Temperature Rise
Temperature rise is shown to be more similar amongst models. The IPCC 4th Assessment Figure 1: Representative flood maps for Virginia Coastline Report shows a range of values assuming 1 meter (top) and 2 meter (bottom) sea level rise. for the temperature rise from 0.3 to 6.4 degree Celsius. Best estimate values exist between a 0.6 and 4.0 degree Celsius rise and are dependent upon model choice and initial values.
Table 1: Cost estimations based upon various sea level rise models in relation to wetland area destruction.
Beyond purely monetary costs, there are also a diversity of land area costs based on different predictions of sea level rise. Particularly prone to rising sea levels is the eastern seaboard of the United States. With a 1 meter sea level rise, nearly 64000 km2 of wetlands, which are an invaluable natural filtration system, will be lost along with other low lying coastal lands. Sea level rise also endangers major cities such as New Orleans, Miami, Savannah, and even New York City, as storm surge could be more likely to flood large parts of these cities.
Figure 3: Southeast United States, Mexico, and Caribbean Sea height levels in relation to flooding risk.
CONCLUSION
There are a multitude of predictions regarding the consequences of global climate change, and that is a result of unique data, analysis, and modeling. Every prediction of sea level rise or temperature change comes from some sort of model, and based on that model, equivalent data may present multiple distinct results. In the case of sea level rise some models estimate a rise of 0.18 meters while others a rise of 1.79 meters. In the same way economic models attempt to predict what these global changes will cost, and they are prone to the same variability. Some models anticipate sea level rise costing nearly $320 billion whereas others only $55 billion. Despite the conflict of some models, others agree well, as in the case of computing future global temperature change. Finally, mathematical models provide the best tool for predicting global climate change and its costs, and they should be used to make informed policy decisions. However, their limitations and variability must be noted.