The property catastrophe reinsurance industry faces a major challenge. Since 1989, climatic volatility has produced unprecedented insured losses of $43 billion, $18 billion of which were from Hurricane Andrew alone. A surge of insurer defaults and dramatic changes in capacity and pricing have...

This chapter focusses on global environmental risks such as climate change, an issue that must be confronted as we move into the future. It proposes sound principles of risk management that make sense in today's society generally, going beyond their role of averting and hedging climate risks....

There are important differences between adaptation to normal climate and adaptation to climate change. One scientific community is organized to address extreme probabilities in current distributions, and their disaster potential. Another scientific community addresses the longer-term changes in...

Every nation of the world confirms that human-related greenhouse gas emissions are the major driver of the present global climate change. About 20% populations of the world live in China and the emissions of greenhouse gases of it are very high due to the large population, inefficient capital...

This paper discusses the greenhouse gas emissions which cause the global warming in the atmosphere. In the 20th century global climate change becomes more sever which is due to greenhouse gas emissions. According to International Energy Agency data, the USA and China are approximately tied and...

Exploring the short-run and long-run relationships between consumption of various sources of non-renewable energy, economic growth and carbon dioxide (CO2) emissions would be considered as a golden key to provide rational energy policies of Iran in the post sanctions era. The aim of this paper...

This study explores the effects of air pollution on self-reported health status. Moreover, this study explores the willingness to pay for improving the air quality in UK. The estimates are based on data from the British Household Panel Survey (BHPS). The effects of air pollution on...

The purpose of this paper is to construct the abatement cost curve for the Greek Energy and Industry sectors. To achieve our goal we present and analyze the abatement options available in the sector of energy and in the industrial subsectors of petroleum and gas refinery, cement and iron and...

This study empirically investigates the impact of not only economic opportunity but also the quality of life, including environmental dimensions, on net in-migration over the 1960-1968 period. Investment is treated as an investment decision. Using available data for the largest SMSAs in the U.S....

This study explores the determinants of health status in Turkey. Moreover, this study explores the willingness to pay for reducing the air and noise pollution. The estimates are based on data from the annual Income and Living Conditions Survey (ILCS) in Turkey which took place in period...