Investments in climate change mitigation will have to rise massively in the coming years in order to keep the global temperature increase below 1.5°C. Rising levels of investment in mitigation can reduce the impacts of climate change. Yet, they also increase the risk that these investments...

Climate change has both immediate and long-term consequences on the debt trajectories of developing countries. Their high physical vulnerability to global warming and the increase in natural disasters, combined with lower socio-economic resilience (food and agricultural insecurity, high...

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...