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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...
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Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016 …
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of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects …
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Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and...
Persistent link: https://www.econbiz.de/10013168763
instrumental in transitioning to a path of low-carbon, green growth, improving disaster resilience, improving natural resource use … governments, political actors, and local communities combine natural disaster prevention and controlling climate change into …
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a temporary climate disaster shock on macroeconomic dynamics and analyzes the role of climate policy, including emission … effects on the primary macroeconomic aggregates except for domestic emissions as the disaster shock hits. (ii) higher rates of … disaster risk lead to lower consumption and lower output, corresponding to more labor supply and lower carbon emissions. (iii …
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