Climate change economics over time and space

K Desmet, E Rossi-Hansberg - Annual Review of Economics, 2024 - annualreviews.org
With average temperature ranging from− 20° C at the North Pole to 30° C at the Equator and
with global warming expected to reach 1.4° C to 4.5° C by the year 2100, it is clear that …

Integrated perspective on translating biophysical to economic impacts of climate change

F Piontek, L Drouet, J Emmerling, T Kompas… - Nature Climate …, 2021 - nature.com
Estimates of climate change's economic impacts vary widely, depending on the applied
methodology. This uncertainty is a barrier for policymakers seeking to quantify the benefits of …

Global pricing of carbon‐transition risk

P Bolton, M Kacperczyk - The Journal of Finance, 2023 - Wiley Online Library
The energy transition away from fossil fuels exposes companies to carbon‐transition risk.
Estimating the market‐based premium associated with carbon‐transition risk in a cross …

Transition versus physical climate risk pricing in European financial markets: A text-based approach

G Bua, D Kapp, F Ramella… - The European Journal of …, 2024 - Taylor & Francis
Under its climate regulation, the EU is expected to become the first continent with a net-zero
emissions balance. We study the pricing of climate risks, physical and transition, within …

[HTML][HTML] Do green foreign direct investments increase the innovative capability of MNE subsidiaries?

V Amendolagine, UE Hansen, R Lema, R Rabellotti… - World Development, 2023 - Elsevier
Technologies to mitigate climate change may diffuse from lead markets to the rest of the
world through several mechanisms and make important contributions to the global green …

Local sectoral specialization in a warming world

B Conte, K Desmet, DK Nagy… - Journal of Economic …, 2021 - academic.oup.com
This paper quantitatively assesses the world's changing economic geography and sectoral
specialization due to global warming. It proposes a two-sector dynamic spatial growth model …

[HTML][HTML] A meta-analysis of the total economic impact of climate change

RSJ Tol - Energy Policy, 2024 - Elsevier
Earlier meta-analyses of the economic impact of climate change are updated with more
data, with three new results:(1) The central estimate of the economic impact of global …

How much will global warming cool global growth?

IB Nath, VA Ramey, PJ Klenow - 2024 - nber.org
Does a permanent rise in temperature decrease the level or growth rate of GDP in affected
countries? Differing answers to this question lead prominent estimates of climate damages …

[PDF][PDF] Climate hazards and resilience in the global car industry

J Castro-Vincenzi - Princeton University manuscript, 2022 - castrovincenzi.com
Climate change will intensify natural disasters, potentially impacting firms' spatial
organization. Using global car industry data and an event-study design, I demonstrate floods …

The effects of temperature on labor productivity

W Lai, Y Qiu, Q Tang, C Xi… - Annual Review of …, 2023 - annualreviews.org
This article reviews recent economic studies on the causal effects of temperature on labor
productivity. The negative effects of extreme temperatures are widespread, and the …