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Adapting to climate change : an analysis under uncertainty

García-León, David - 2016

light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …

Persistent link: https://www.econbiz.de/10011451547

Exposures to climate change's physical risks in Chile

Cortina, Magdalena; Madeira, Carlos - In: Latin American journal of central banking : LAJCB 4 (2023) 2, pp. 1-16

We estimate real estate's exposure in Chile to five weather risks, including labor productivity loss due to heat, fires, floods, drought coastal deterioration as measured by the Chilean Climatic Risk Atlas (ARCLIM) and Climate Impact Explorer (CIE) sources. According to our joint ARCLIM-CIE...

Persistent link: https://www.econbiz.de/10014382902

Natural Disasters : Mitigating Impact, Managing Risks

Laframboise, N. - 2012

This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF's role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided...

Persistent link: https://www.econbiz.de/10013098564

Wrestling with Uncertainty in Climate Economic Models

Brock, William A. - 2019

This paper uses insights from decision theory under uncertainty to explore research challenges in climate economics. We embrace a broad perspective of uncertainty with three components: risk (probabilities assigned by a given model), ambiguity (level of confidence in alternative models), and...

Persistent link: https://www.econbiz.de/10012901480

Climate change financial risks : pricing and portfolio allocation

Karydas, Christos; Xepapadeas, Anastasios - 2019 - This version: October 2019

There are concerns that climate-related physical and political risks are not yet properly reflected in asset prices. To address these concerns, we develop a dynamic asset pricing framework with two sources of rare disasters: macroeconomic events and climate change. We link carbon emissions and...

Persistent link: https://www.econbiz.de/10012138106

Adapting to Climate Change : An Analysis Under Uncertainty

García-León, David - 2016

Persistent link: https://www.econbiz.de/10012997671

Weighing Cows, Geoengineering and Coal Under a Climate Tipping Risk and a Temperature Target

Wiskich, Anthony - 2019

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

Uncertainty in Integrated Assessment Modelling : Can Global Sensitivity Analysis Be of Help?

Anderson, Barry; Borgonovo, Emanuele; Galeotti, Marzio; … - 2012

The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on the model predictions. However, for a full understanding and corroboration of model results, analysts might be willing, and ought to identify the model inputs that influence the...

Persistent link: https://www.econbiz.de/10014166039

Impacts of climate change on dengue risk in Brazil

Pereda, Paula Carvalho; Menezes, Tatiane; Alves, … - 2014

Climate has relevant impacts on human health. According to the World Health Organization (WHO), climate-sensitive health problems kill millions of people every year and undermine the physical and psychological health of millions (WHO, 2012). In the particular case of vector-borne diseases,...

Persistent link: https://www.econbiz.de/10011495421

Floods and firms : vulnerabilities and resilience to natural disasters in Europe

Fatica, Serena; Kátay, Gábor; Rancan, Michela - 2022

Combining a rich database on natural hazards, granular flood risk maps and detailed information on firm geolocalisation, we study the dynamic impacts of floods on European manufacturing firms during the period 2007-2018. We find that water damages significantly and persistently worsen firm...

Persistent link: https://www.econbiz.de/10013503745

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