On climate change and economic analysis (original) (raw)

Climate Changes: Economic Impact and Implications

Economic Outlook, Scientific Research Center of the Faculty of Economics, University of Pristina, 2020

Climate changes nowadays present a topic of huge importance taking into account its influence on conducting monetary and fiscal policy, achieving and improving financial stability, but also it is a concern for regulators and supervisors. In order to have an appropriate reaction, it is necessary to identify risk from climate changes in a timely manner. Three categories of climate-related risks can be identified: 1) physical risks which are associated with more frequent severe weather events and permanent changes in the environment, 2) transition risks that represent the policies and technological changes needed to achieve a greener economy, and 3) liability risk which represents the impacts that could arise tomorrow if parties who have suffered loss or damage from the effects of climate change seek compensation from those they hold responsible. As a way to achieve satisfactory results in the fight against climate change risks, the financial institutions developed climate change risk management approaches, which include a variety of methods and instruments. The aim of this paper is the presentation of impact and implication regarding climate change regulations, identification of the risks and its management approaches, as well as economic cost and proposals for future action

Integration of Climate Change into Economic Theory: Reviewing the Global Process

With climate change appearing on the horizon of economic theory and analytical research, it becomes imperative that the links are traced to the origin of the connection between the climate change and economics. Climate change traditionally, is a subject for meteorologists, ecologist and marine biologists. When economist and financial experts, start debating climate change, it means that the subject matter now includes costs and finance; income distribution; and factors of production. Energy resource and fossil fuels are the focus for this discussion as these are linked to: CO2 emissions and other Green House Gases (GHG) emissions and the abatement costs of these emissions.

Economic Impacts of Climate change

2018

The economics of climate change is detailed with emphasis on evolution of concept, various models for Calculation, Global and national scenario's concluding with best practices

Economic Models of Climate Change

2003

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The Economic Impacts of Climate Change

Review of Environmental Economics and Policy

have been a great help in the construction of Table 1. Three anonymous referees and Suzanne Leonard provided excellent comments. All errors and opinions are mine.

Modelling Climate Change and its Economic Consequences - A Review

This booklet documents the results of a workshop, organized by the European Academy, Bad Neuenahr-Ahrweiler on December 14-15, 1998. The workshop aimed at a review of goals, approaches, efforts and problems of scientific modelling considering its stringency and limitations for climate forecast and political advice, especially regarding the problem of action under prediction uncertainty. Corresponding contributions were addressed to following key issues: