Estimating the cost to society from a ton of carbon dioxide (CO2) released into the atmosphere requires connecting a model of the climate system with a representation of the economic and social effects of changes in climate, as well as the valuation and aggregation of diverse, uncertain impacts...

Die Studie untersucht zwei unterschiedliche Fragen zum kommunalen Finanzausgleich in Nordrhein-Westfalen. Zum einen wird untersucht, ob und wie kommunale Aktivitäten im Klimaschutz und Maßnahmen zur Anpassung an den Klimawandel im kommunalen Finanzausgleich berücksichtigt werden sollten und...

This study investigates the relationship between distinct types of inequality and CO2 emissions using panel data on 156 countries from 1995 to 2020. Using fixed effects panel and quantile regression techniques, we report estimates that indicate that pre-distribution (inequality reduction by...

As climate risk escalates, property insurance is critical to reduce the risk exposure of households and firms and to aid recovery when disasters strike. To perform these functions efficiently, insurers need to access high quality information about disaster risk and set prices that accurately...

Wildfires are increasing in frequency and intensity. We study the impact of exposure to wildfires on air pollutants and on human health in Chile, finding substantial impacts on both classes of outcomes. We use data on 15 wildfire seasons (2004-2018) matched with granular (intra-day) records of...

This study examines the relationship between weather emergencies and labor market outcomes in Mexico from 2016 to 2020. Using panel data and a two-way fixed effects estimation, the analysis focuses on storms, floods, wildfires, and landslides. The results show that storms can have significant...

We evaluate whether floods and landslides are more likely when rain falls inside versus outside protected areas (PAs). We use monthly municipality data for the period 2000-2015 in Guatemala and monthly district data for the period 1992-2019 in Costa Rica. We define relevant catchment areas using...

The Green Paradox posits that fossil fuel markets respond to changing expectations about climate legislation, which limits future consumption, by shifting consumption to the present through lower present-day prices. We demonstrate that oil futures responded negatively to daily changes in the...

This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...

Seit einigen Jahren wird Biokohle - ein kohlenstoffreiches Produkt aus Biomasse - als eine viel versprechende Klimaschutzoption diskutiert. Insbesondere besteht die Möglichkeit, der Atmosphäre langfristig Kohlenstoffdioxid zu entziehen, indem Biokohle in den Boden eingearbeitet wird....