This paper contributes to mitigating the debate on whether carbon taxes have positive or negative effects on climate change by presenting an investigation on the relationship between carbon taxes and renewable energy consumption. Taking advantage of the panel CS-ARDL model, we distinctly inspect...

Limiting the growth of final energy demand helps meet the steep greenhouse gas (GHG) reduction trajectories required to address climate change, and can also bring wider sustainability benefits. Integrated Assessment Modelling (IAM) and energy systems modelling analyses are increasingly including...

Climate and demographic changes are two major long-term trends that are evolving simultaneously. The global population is aging, while climate change is increasing the frequency and severity of weather-related disasters and lowering productivity. This paper examines the macroeconomic effects of...

This paper analyzes the interlinkages between climate shocks, domestic conflicts, and policy resilience in Africa. It builds on a Correlated Random Effect model to asess these interrelationships on a broad sample of 51 African countries over the 1990-2018 period. We find suggestive evidence that...

Mexico is exposed to both transition and physical risks from climate change. Mexico's total energy supply is dominated by fossil fuels and non-renewable energy sources. The country is the second largest emitter of greenhouse gases (GHG) in Latin America. Emissions are highly concentrated in a...

Central America is one of the world's most vulnerable regions to extreme climate events. The literature estimates the macroeconomic effects of climate events mainly using annual data, which might underestimate the true effects as these extreme events tend to be short-lived and generate...

Sub-Saharan Africa (SSA) is the region in the world most vulnerable to climate change despite its cumulatively emitting the least amount of greenhouse gases. Substantial financing is urgently needed across the economy-for governments, businesses, and households-to support climate change...

Armenia is facing considerable fiscal risks from climate change due to increasing and highly variable temperatures. This report provides guidance on how to quantify those risks over the long term, using an empirical approach to identify the potential impact of a range of temperature scenarios on...