This paper evaluates the global economic consequences of physical climate risks under two Shared Socioeconomic Pathways … chronic climate risks (gradual changes in temperature and precipitation) and extreme climate conditions (representative of … already achieved by 2020, all the economies would experience substantial losses under the two climate scenarios and the losses …

This paper explores the financial stability implications of acute physical climate change risks using a novel approach …. We show that even if the scale of individual climate events may not be material at an aggregate national scale … extreme events from climate change. Thus, this paper highlights the importance of considering sequences of extreme physical …

Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets … out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an … important information source that investors use to revise their subjective assessments of climate risks. Using full-text data …

Bank stress tests of climate change risks are relatively new, but are rapidly proliferating. The IMF and World Bank … building a dynamic stochastic general equilibrium model linked to global climate and a catastrophe risk model specifically for … substantially with climate change. However, bank capital declines only modestly unless the event is compounded with other disasters …

suitable adaptation strategies are implemented. This paper shows that while Europe's overall vulnerability to climate risks is … lower than other regions', the countries in Central and Eastern Europe face greater human and economic costs from climate … climate models to project future climates for each country in Europe, and identify the country whose present climate best …

Our work is positioned at the intersection of migration and climate change-two key forces shaping the economic outlook … explaining migration patterns; (ii) importance of climate disasters as driver of cross-border migration; and (iii) the importance … of climate-driven migration on the overall impact of climate on macroeconomic outcomes. It arrives at the following main …

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue …

technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion … through trade. Leveraging a comprehensive database of climate policies and a new database identifying trade in low carbon … technologies and the tariffs applied to these goods, this paper shows that the introduction of new climate policies has a positive …