caa a22 4500 467918090 CHVBK 20180406152908.0 cr unu---uuuuu 170328e20060301xx s 000 0 eng 10.1007/s10584-005-9003-4 doi (NATIONALLICENCE)springer-10.1007/s10584-005-9003-4 Tol Richard Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg, Germany aut Exchange Rates and Climate Change: An Application of Fund [Elektronische Daten] [Richard Tol] As economic and emissions scenarios assume convergence of per capita incomes, they are sensitivity to the exchange rate used for international comparison. Particularly, developing countries are project to grow slower with a purchasing power exchange rate than with a market exchange rate. Different exchange rates may lead to scenarios with very different per capita incomes. However, these scenarios also assume convergence of energy intensities, which at least partly offsets the income effect, so that scenarios with different exchange rates would differ less in greenhouse gas emissions. Differences become smaller still if atmospheric concentrations and global warming is considered. However, differences become larger again if one considers the costs of meeting a certain stabilisation target, as the gap between baseline and target is more sensitive to the exchange rate used than the baseline itself. Differences also grow larger if one looks at climate change impacts, which are determined not just by climate change but also by development. The sensitivity to the exchange rate is purely due to imperfect data, imperfect statistical analysis of data, a crude spatial resolution, and imperfect models. Springer Science+Business Media, Inc., 2006 Climatic Change Springer Netherlands 75/1-2(2006-03-01), 59-80 0165-0009 75:1-2<59 2006 75 10584 https://doi.org/10.1007/s10584-005-9003-4 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10584-005-9003-4 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Tol Richard Research Unit Sustainability and Global Change, Hamburg University and Centre for Marine and Atmospheric Science, Hamburg, Germany aut NATIONALLICENCE 773 0- Climatic Change Springer Netherlands 75/1-2(2006-03-01), 59-80 0165-0009 75:1-2<59 2006 75 10584 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer