Extreme Weather Events and Crop Price Spikes in a Changing
Climate Illustrative global simulation scenarios - 854.74 KB
Agriculture is highly sensitive to climate variability and
weather extremes. Various impact studies have considered the
effects of projected long-run trends in temperature,
precipitation and CO2 concentrations caused by climate change on
global food production and prices. But an area that remains
under-explored is the food price impacts that may result from an
expected increase in the frequency and intensity of extreme
weather events. This study uses a global dynamic multi-region
computable general equilibrium (CGE) model to explore the
potential food price impacts of a number of extreme weather
event scenarios in 2030 for each of the main exporting regions
for rice, maize and wheat. Related report: Exploring Food Price
Scenarios Towards 2030 With a Global Multi-Region Model (2011)
Issues: Food price spikes