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Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...
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This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic … suffered damage, along with higher exit rates. The persistence of the effects is consistent with an upward revision of flood …-risk beliefs triggered by the hurricane. These findings suggest that businesses are adapting to the higher flood-risk environment …
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on the foodplain, as defined by the National Flood Insurance Program (NFIP), relative to properties located elsewhere …
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Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010199723
a path of destruction through several central islands, causing scores of people dead. The disaster's full impact is … horrific with human tragedy. Responding to the disaster of such magnitude calls for both national and international hands to …
Persistent link: https://www.econbiz.de/10011716030
. This paper analyzes the status, types, and patterns of market-based disaster insurance schemes across emerging and … Institute on Climate Change and the Environment's Disaster Risk Transfer Scheme Database (2012-2018). Our analysis shows that … a wide variety of climate and disaster risks, without demand-side support, many markets are likely to collapse or, at …
Persistent link: https://www.econbiz.de/10012103046