Modelling climate change impacts on agricultural commodity markets

Publication date: 24/07/2023
Extent: 16 pages

Contributions by: Ignacio Pérez Domínguez, Jordan Hristov, Christian Elleby and Thomas Fellmann, European Commission, Joint Research Centre, Spain; Andrea Toreti, European Commission, Joint Research Centre, Italy; Thomas Chatzopoulos and Ana Luisa Barbosa, European Commission, Joint Research Centre, Spain; and Frank Dentener, European Commission, Joint Research Centre, Italy

Chapter synopsis:

This chapter provides some insights on how climate change can affect agricultural commodity markets in the medium to long term. It includes some methodological aspects on how different quantitative tools, ranging from earth system models to farm-level production decisions, can be combined in the analysis of climate change impacts on agricultural markets. The analysis presented here is supported by several agro-economic studies carried out by the Joint Research Centre of the European Commission.

DOI: 10.19103/AS.2022.0115.12