Portuguese Economic Journal

, Volume 3, Issue 2, pp 99–114 | Cite as

Possible economic impacts of a shutdown of the thermohaline circulation: an application of FUND

  • P. Michael Link
  • Richard S. J. TolEmail author


Climate change can lead to a substantial reduction of the strength of the thermohaline circulation in the world oceans. This is often thought to have severe consequences particularly on the North Atlantic region and Northern and Western Europe. The integrated assessment model FUND is used to estimate the extent of these impacts. The results indicate that, owing to a slower warming (rather than cooling) of the regions most affected by a thermohaline circulation collapse, climate change induced damages in these regions would be smaller in case of a shutdown of the thermohaline circulation. However, even with a thermohaline circulation collapse, the total and marginal impacts of climate change are negative.


Climate change Climate change impacts Thermohaline circulation Integrated assessment 


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Copyright information

© Springer-Verlag Berlin/Heidelberg 2004

Authors and Affiliations

  1. 1.Research Unit Sustainability and Global ChanceHamburg University, and Centre for Marine and Atmospheric SciencesHamburgGermany
  2. 2.International Max Planck Research School of Earth System ModellingHamburgGermany
  3. 3.Institute for Environmental StudiesVrije UniversiteitAmsterdamThe Netherlands
  4. 4.Center for Integrated Study of the Human Dimensions of Global ChangeCarnegie Mellon UniversityPittsburghUSA

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