Abstract
The objective of this paper is to determine the impact of climate change on Cote d’Ivoire’s economic performance via per capita gross domestic product (GDP) growth, change in agricultural value added, and change in the country’s cereal yield. The data ranged from 1960 to 2016. An autoregressive distributed lag (ARDL) model is used to investigate the long run dynamics between climate variables (precipitation and temperature) and the country’s per capita GDP, agricultural value added as % of GDP, and cereal yield. We found that climate change has not significantly impacted the economic performance of the country. However, precipitation has been found to have positively and significantly influenced the country’s cereal yield and agricultural value added contribution to GDP at large, and thus there is no need to worry more than it is necessary.
Highlights
On December 2015, Parties to the United Nations Framework Convention on Climate Change (UNFCCC) gathered in Paris, France, to deliberate on the faith of our planet given concerns that global warming is undermining our livelihood and that actions should be taken before it is too late
Batten (2018) cited a survey of experimental studies conducted by Dell, Jones, and Olken (2014) that led to the conclusion that each degree greater than 25°C is associated to a productivity loss in various cognitive tasks of approximately 2%
Among the key features of the Paris Agreement is the establishment of a global warming goal set to less than 2°C on preindustrial averages with efforts to limit the temperature increase to 1.5°C (Art. 2.1.a), and it defines a universal legal framework to strengthen the global response to the threat of climate change (The Paris Agreement, 2015—Art.2)
Summary
On December 2015, Parties to the United Nations Framework Convention on Climate Change (UNFCCC) gathered in Paris, France, to deliberate on the faith of our planet given concerns that global warming is undermining our livelihood and that actions should be taken before it is too late. According to the World Health Organization, more than 140,000 people are dying per year as a direct result of climate change (Harris and Jones, 2017). The results of the Paris deliberations led to the adoption of what is known as the Paris Agreement. Among the key features of the Paris Agreement is the establishment of a global warming goal set to less than 2°C on preindustrial averages with efforts to limit the temperature increase to 1.5°C (Art. 2.1.a), and it defines a universal legal framework to strengthen the global response to the threat of climate change (The Paris Agreement, 2015—Art.2)
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