The crucial role of domestic and international market-mediated adaptation to climate change
Climate change effects on agricultural yields will be uneven over the world. A few countries, mostly in high latitudes, may experience gains, while most will see average yield decrease.
A new PIM-supported paper, “The crucial role of domestic and international market-mediated adaptation to climate change” by Christophe Gouel and David Laborde estimates how climate change in the agricultural sector will affect the world economy, focusing on the role of production and trade adjustments as margins of adaptation.
Photo credit: IMO via Flickr