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The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climatechange and the appropriate mitigation policy. We extend such a model to include optimalpolicies for mitigation, adaptation and infrastructure investment studying the dynamics of thetransition to a low...
Persistent link: https://www.econbiz.de/10012895108
Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...
Persistent link: https://www.econbiz.de/10012865122
world real GDP per capita by more than 7 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby …
Persistent link: https://www.econbiz.de/10012859854
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012860997
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear …
Persistent link: https://www.econbiz.de/10013250076
While the world's attention is on dealing with the COVID-19 pandemic, climate change remains a greater existential …
Persistent link: https://www.econbiz.de/10013252040
Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our findings on historical data between 1970 and 2018, we observe that globalization...
Persistent link: https://www.econbiz.de/10013243070
Global warming is the most significant threat to ecosystems and people’s health and living standards, especially in small island states in the Caribbean and elsewhere. This paper contributes to the debate by analyzing different options to scale up climate change mitigation and adaptation. In...
Persistent link: https://www.econbiz.de/10014076817
This paper investigates the connection between climate change and energy security in Europe and provides empirical evidence that these issues are the two faces of the same coin. Using a panel of 39 countries in Europe over the period 1980–2019, the empirical analysis presented in this paper...
Persistent link: https://www.econbiz.de/10014076819
In this paper, we study the international diffusion of carbon pricing policies. In the first part, we empirically examine to what extent the adoption of carbon pricing in a given country can explain the subsequent adoption of the same policy in other countries. In the second part, we quantify...
Persistent link: https://www.econbiz.de/10014082212