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I present a non-technical high-level review the concept of sustainability and the various approaches to quantifying it.
Persistent link: https://www.econbiz.de/10009019688
We review recent literature on the effect of temperature stress on economic activity, operating through basic human physiology. There is growing evidence from both micro and macro studies of causal impacts of extreme temperature on health, labor supply, and labor productivity, driven in large...
Persistent link: https://www.econbiz.de/10011266637
Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet our knowledge of the impacts of climate change may not be of sufficient quality to justify probabilistic beliefs. In such circumstances it has been argued that the axioms of...
Persistent link: https://www.econbiz.de/10008601697
The selection of climate policies should be an exercise in risk management reflecting the many relevant sources of uncertainty. Studies of climate change and its impacts rarely yield consensus on the distribution of exposure, vulnerability, or possible outcomes. Hence policy analysis cannot...
Persistent link: https://www.econbiz.de/10010652308
Does temperature affect economic performance? Has temperature always affected social welfare through its impact on physical and cognitive function? While many economic studies have explored the indirect links between climate and welfare (e.g. agriculture, conflict, sea-level rise), few address...
Persistent link: https://www.econbiz.de/10010821681