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This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...
Persistent link: https://www.econbiz.de/10015098614
While climate change impacts most regions, a company's physical location and geographic diversification could determine how it is affected by the risks associated with climate change. We explore information from extreme climate events to study whether and how they affect firm-level risks. The...
Persistent link: https://www.econbiz.de/10014256746
Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016). The present paper addresses these issues. We consider multiple climate shocks which are recurring, random, uninsurable, and potentially large. The associated damages and the...
Persistent link: https://www.econbiz.de/10011857735
side and anthropogenic climate change on the other? This paper considers three main disaster risk factors - rising … intense climate-related natural disasters. In a regression analysis within a model of disaster risk determination for 1971 … implication is that climate mitigation and climate adaptation should form part of actions for disaster risk reduction. …
Persistent link: https://www.econbiz.de/10011404649
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy's polluting activity. We provide a...
Persistent link: https://www.econbiz.de/10010438060
Persistent link: https://www.econbiz.de/10013503590
that in utero exposure to rainfall variations negatively affects children's anthropometric outcomes. We then exploit the …
Persistent link: https://www.econbiz.de/10015142043
extreme weather worsens globally, highlight the need for targeted climate communication that balances immediate adaptation …
Persistent link: https://www.econbiz.de/10015408892
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033
Methane abatement and geoengineering have a short-lived effect on temperature compared with carbon abatement. Different optimal tax paths for these actions arise in a cost-benefit framework with an unknown temperature threshold where severe and irreversible climate impacts, called a tipping...
Persistent link: https://www.econbiz.de/10012863680