327Economics of Climate Change and Socioeconomic Implications
will not remain the case. The trend is projected to reverse as temperatures
continue to rise and resulting glacier mass reduces. More winter precipita-
tion is also projected to fall as rain rather than snow in the future, as well
(IPCC, 2007). One consequence of this will be increased global migration.
In addition, climate change may also alter trade relationships by changing
the comparative trade advantages of regions or nations. Where climate
change limits access to scarce resources or increases incidences of damag-
ing weather events, consequences are highly likely to be felt in the global
economy and security.
The overall energy economy is enormous and has far-reaching ...