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Rainfall-intense summer monsoon seasons on the Indian subcontinent that are exceeding long-term averages cause widespread floods and landslides.
Here we show that the latest generation of coupled climate models robustly project an intensification of very rainfall-intense seasons (June-September).
Under the shared socioeconomic pathway SSP5-8.5, very wet monsoon seasons as observed in only 5 years in the period 1965-2015 are projected to occur 8 times more often in 2050-2100 in the multi-model average.
Under SSP2-4.5, these seasons become only a factor of 6 times more frequent, showing that even modest efforts to mitigate climate change can have a strong impact on the frequency of very strong rainfall seasons.
Besides, we find that the increasing risk of extreme seasonal rainfall is accompanied by a shift from days with light rainfall to days with moderate or heavy rainfall. Additionally, the number of wet days is projected to increase.
We analyse current and possible future reforms of the Indian food policies for the most important staple grains, wheat and rice, within a two-commodity dynamic partial equilibrium model with stochastic shocks. The model is empirically grounded and reproduces past values well. It uses a new reduced-form approach to capture private storage dynamics. We evaluate the implementation of the National Food Security Act (NFSA) under several policy measures with the current regime as well as two scenarios with a regime change - implementation of cash transfers and deficiency payments. Implications for market fundamentals and fiscal costs are simulated in the medium term - until 2020/21. The NFSA puts a high pressure on fiscal costs and public stocks. Relying on imports with low support prices results in low fiscal costs and stable, but higher domestic and international prices, and a high risk of zero stocks. A policy strategy to manipulate procurement prices in order to maintain public stocks close to the norms leads to slightly higher fiscal costs with lower, but more volatile prices. The highest domestic price volatility occurs under a strategy which uses export bans in order to maintain sufficient public stocks. A cash-based regime can bring considerable savings and curb fiscal costs, particularly if targeted to the poor, and would leave sufficient stocks due to higher private stocks.