Economic consequences of climate change impacts on the agricultural sector of South Asia: A case study of Sri Lanka

Abeysekara, Walimuni Chamindri Sewanka Mendis; Siriwardana, Mahinda; Meng, Samuel

doi:10.1016/j.eap.2022.12.003

Cited by 30 publications

(9 citation statements)

References 29 publications

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“…(2016) and Abeysekara et al. (2023). According to Elliott (2006), rice and wheat account for over 50% of the calorie intake of South Asians.…”

Section: Resultsmentioning

confidence: 97%

“…It is important to note that these projections solely consider temperature variations and do not account for other crucial factors affecting crop productivity, such as precipitation, CO 2 fertilisation, floods or droughts. However, some studies have incorporated temperature and precipitation variations (Abeysekara et al., 2023; Alvi et al., 2021; Weerasekara et al., 2021), while others have focussed solely on temperature changes (Ottman et al., 2012; Porter & Gawith, 1999; Zhao et al., 2017), or employed controlled experiments and crop models specific to certain regions or crops (Iglesias et al., 2012). Consequently, the limitations mentioned above do not undermine the findings of Roson and Sartori (2016b) for this particular analysis.…”

Section: Methodsmentioning

confidence: 99%

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Economic consequences of climate change impacts on South Asian agriculture: A computable general equilibrium analysis

Abeysekara,

Siriwardana,

Meng

2023

Aus J Agri & Res Econ

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South Asia is one of the most vulnerable regions of the globe in terms of climate change, with agriculture the most affected economic sector of the region. This study employs an environmental Global Trade Analysis Project model to simulate the impact of an average global 2°C temperature increase by 2050, with a focus on South Asian countries. The economic costs of climate change in relation to crop productivity losses due to increasing temperature, land productivity losses caused by rising sea levels and heat stress‐induced agricultural labour productivity losses are assessed based on model simulations. The results show that the unfavourable climate change impacts on agricultural productivity (crop, land and labour) will reduce food production and create upward pressure on food prices. This will lead to a reduction in food consumption at the household level, threatening future food security in the region. The results further predict a contraction in all South Asian economies by 2050, due to adverse climate change impacts on the agricultural sector. In addition, out of the three climate change damage factors considered, labour productivity causes the greatest economic losses, while land productivity losses caused by rising sea levels impact the least. The study also found that low‐income countries would suffer most severely due to the impacts of climate change on the agricultural sector, while high‐income countries would be impacted the least.

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“…(2016) and Abeysekara et al. (2023). According to Elliott (2006), rice and wheat account for over 50% of the calorie intake of South Asians.…”

Section: Resultsmentioning

confidence: 97%

Section: Methodsmentioning

confidence: 99%

Economic consequences of climate change impacts on South Asian agriculture: A computable general equilibrium analysis

Abeysekara,

Siriwardana,

Meng

2023

Aus J Agri & Res Econ

Self Cite

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“…The majority of publications referred to on climate change effects and climate strategies analyzed are located in countries in Asia, Africa, and South America, where the agricultural sector is an important livelihood for the population. In fact, poor countries can suffer more from climate change effects on food supply than other regions [35,37].…”

Section: Resultsmentioning

confidence: 99%

Impact of Climate Change on Agroecosystems and Potential Adaptation Strategies

Semeraro

Scarano

Leggieri³

et al. 2023

Land

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Agriculture is currently one of the leading economic sectors most impacted by climate change. Due to its great field of application and its susceptibility to meteorological variability, the effects of climate change on agriculture have significant social and economic consequences for human well-being. Moreover, the increasing need for land spaces for population growth has produced strong competition between food and urbanization, leading to a loss of the agroecosystem that supports food security. This review aims to understand the main risks generated by climate change in agricultural production and the potential strategies that can be applied to increase agriculture’s resilience. Agricultural risk can be linked to the decrease in the productivity of foods, weed overgrowth at the crops expense, increase in parasites, water availability, soil alteration, negative impact on production costs and consequent change in the adopted cultivars, reduction in the pollination process, intense fires, and alteration of product quality. Thus, climate change can impact the provisioning of ecosystem services, reducing food security in terms of quantity and quality for future generations. Finally, in this review, we report the main adaptation strategies to increase agroecosystem resilience in adverse environments generated by climate change. Mainly, we highlight new technologies, such as new breeding technologies and agrivoltaic and smart agricultural applications, which, combined with agroecosystems, can reduce the agricultural risks following climate change (for example, drought events and low availability of water). We suggest that the combination of natural capital and technologies can be defined as an “innovation-based solution” able to support and increase ecosystem service flow in agroecosystems.

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“…The adoption of climate-resilient crops, precision agriculture technologies, and sustainable farming practices presents opportunities for innovation. There is growing demand for climate-resilient seeds and technologies (Abeysekara, Siriwardana, and Meng, 2023).…”

Section: Growthmentioning

confidence: 99%

Climate Change Effects and Stock Market Returns

Luqman,

Farag,

Khakwani

et al. 2024

RAMSS

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To capture climate change risk at the business level, use records of performance briefings from different enterprises. This examination discovers that chances of worst climate change, the negative impact of business environment risk on market stock returns. Study also conducts a broad assessment of the empirical and theoretical literature on the influence of climate change related risks on financial market. The main aim of this analysis is to enhance our knowledge of the estimation significances of climate change risk in financial markets. It is initiated by discussing the theoretical connections between market asset pricing and climate change related risks, and then propose a hypothesis of how climate change risk drivers convey costs to enterprises and cause stock returns variations. It studies the historical climate change related events, which indicate that both climate physical effects and transition dynamics can cause a stock return volatility. Finally, the results imply that disclosures of climate change related information can support the stock market in more efficiently as pricing climate risk.

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Economic consequences of climate change impacts on the agricultural sector of South Asia: A case study of Sri Lanka

Cited by 30 publications

References 29 publications

Economic consequences of climate change impacts on South Asian agriculture: A computable general equilibrium analysis

Economic consequences of climate change impacts on South Asian agriculture: A computable general equilibrium analysis

Impact of Climate Change on Agroecosystems and Potential Adaptation Strategies

Climate Change Effects and Stock Market Returns

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