TY  - JOUR
A1  - Geiger, Tobias
A1  - Frieler, Katja
A1  - Levermann, Anders
T1  - High-income does not protect against hurricane losses
JF  - Environmental research letters
N2  - Damage due to tropical cyclones accounts for more than 50% of all meteorologically-induced economic losses worldwide. Their nominal impact is projected to increase substantially as the exposed population grows, per capita income increases, and anthropogenic climate change manifests. So far, historical losses due to tropical cyclones have been found to increase less than linearly with a nation's affected gross domestic product (GDP). Here we show that for the United States this scaling is caused by a sub-linear increase with affected population while relative losses scale super-linearly with per capita income. The finding is robust across a multitude of empirically derived damage models that link the storm's wind speed, exposed population, and per capita GDP to reported losses. The separation of both socio-economic predictors strongly affects the projection of potential future hurricane losses. Separating the effects of growth in population and per-capita income, per hurricane losses with respect to national GDP are projected to triple by the end of the century under unmitigated climate change, while they are estimated to decrease slightly without the separation.
KW  - climate change
KW  - tropical cyclones
KW  - damage
KW  - meteorological extremes
KW  - vulnerability
Y1  - 2016
U6  - https://doi.org/10.1088/1748-9326/11/8/084012
SN  - 1748-9326
VL  - 11
PB  - IOP Publ. Ltd.
CY  - Bristol
ER  -