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What role does climate change play in agricultural market uncertainty? An integrated assessment taking into account market-driven adjustments
| Content Provider | Semantic Scholar |
|---|---|
| Author | Martínez, Pilar Blanco, María Jesús Sánchez Doorslaer, Benjamin Van Ramos, Fabien Stanca, Lucian |
| Copyright Year | 2015 |
| Abstract | Recent studies point to climate change being one of the long-term drivers of agricultural market uncertainty. To advance in the understanding of the influence of climate change on future agricultural market developments, we compare a reference scenario for 2030 with alternative simulation scenarios that differ regarding: (1) emission scenarios; (2) climate projections; and (3) the consideration of carbon fertilization effects. For each simulation scenario, the CAPRI model provides global and EU-wide impacts of climate change on agricultural markets. Results show that climate change would considerably affect agrifood markets up to 2030. Nevertheless, market-driven adaptation strategies (production intensification, trade adjustments) would soften the impact of yield shocks on supply and demand. As a result, regional changes in production would be lower than foreseen by other studies focused on supply effects. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://ageconsearch.umn.edu/record/212230/files/Mart_nez-What%20is%20the%20role%20of%20climate%20change%20on%20agricultural%20market%20uncertainty%20An%20integrated%20assessment%20.pdf |
| Alternate Webpage(s) | http://oa.upm.es/42098/1/INVE_MEM_2015_226024.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
