The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change
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The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change A Dsge Approach
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Author : Emilio Fernández Corugedo
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-30
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change A Dsge Approach written by Emilio Fernández Corugedo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-30 with Business & Economics categories.
This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a share of the public and private capital stocks and a government that can invest in adaptation at an additional cost, it adds several features that are key to the analysis, both in the near (transition) and long (steady state) terms. Those include incomplete markets, financial frictions with collateral constraints, foreign remittances, full menu of tax and government spending instruments, and endogenous climate risk premium. The model is calibrated to the case of Dominica. It finds that NDs have large and persistent negative effects on output and public finances. It also shows that adaptation investment has large returns in terms of private investment, employment, output and tax revenue in the long term, especially under climate change.
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change
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Author : Emilio Fernandez Corugedo
language : en
Publisher:
Release Date : 2023
The Macroeconomic Returns Of Investment In Resilience To Natural Disasters Under Climate Change written by Emilio Fernandez Corugedo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
The Economic Impacts Of Natural Disasters
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Author : Debarati Guha-Sapir
language : en
Publisher: Oxford University Press
Release Date : 2013-04-04
The Economic Impacts Of Natural Disasters written by Debarati Guha-Sapir and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-04 with Business & Economics categories.
Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, poverty remains the main risk factor determining the long-term impact of natural hazards. Furthermore, natural disasters have themselves a tremendous impact on the poorest of the poor, who are often ill-prepared to deal with natural hazards and for whom a hurricane, an earthquake, or a drought can mean a permanent submersion in poverty. The Economic Impacts of Natural Disasters focuses on these concerns for poverty and vulnerability. Written by a collection of esteemed scholars in disaster management and sustainable development, the report provides an overview of the general trends in natural disasters and their effects by focusing on a critical analysis of different methodologies used to assess the economic impact of natural disasters. Economic Impacts presents six national case studies (Bangladesh, Vietnam, India, Nicaragua, Japan and the Netherlands) and shows how household surveys and country-level macroeconomic data can analyze and quantify the economic impact of disasters. The researchers within Economic Impacts have created path-breaking work and have opened new avenues for thinking and debate to push forward the frontiers of knowledge on economics of natural disasters.
Handbook Of The Economics Of Climate Change
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Author :
language : en
Publisher: Elsevier
Release Date : 2024-12-10
Handbook Of The Economics Of Climate Change written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-10 with Social Science categories.
The new Handbook of the Economics of Climate Change Volume 1 provides readers from a broad range of backgrounds – including students, researchers, policy-makers, and practitioners – with a central reference for core elements the economics of climate change: Integrated Climate-Economic Modeling, Empirical Approaches to Climate Change Impact Quantification, Discounting, Mitigation Costs, Adaptation, Climate Policy Options, International Cooperation, and Uncertainty. Leading scholars present timely and accessible overviews on each of these topics, providing interested readers with a broad understanding of key issues and engaged scholars with a foundation for embarking on research in this field. - Introduces core topics in climate economics to researchers, graduate students, policy makers, and practitioners. - Covers how climate economics questions are addressed with diverse methodological approaches including applied microeconometrics, game theory, industrial organization, and quantitative macroeconomics. - Provides up-to-date overviews of modern climate economics research prepared by leading experts in the field.
Towards Climate Resilience And Neutrality In Latin America And The Caribbean Key Policy Priorities
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2023-10-06
Towards Climate Resilience And Neutrality In Latin America And The Caribbean Key Policy Priorities written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-06 with categories.
This report identifies LAC countries’ main climate change policy priorities, which were discussed through a series of Regional Policy Dialogues and Expert Workshops and complements these with findings of recent analyses by the OECD and other international partners. It explores issues related to their implementation on climate adaptation, mitigation, and cross-cutting policy areas.
Climate Change And Natural Disasters
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Author : Vinod Thomas
language : en
Publisher: Transaction Publishers
Release Date : 2017-01-31
Climate Change And Natural Disasters written by Vinod Thomas and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-31 with Business & Economics categories.
The start of the new millennium will be remembered for deadly climate-related disasters—the great floods in Thailand in 2011, Super Storm Sandy in the United States in 2012, and Typhoon Haiyan in the Philippines in 2013, to name a few. In 2014, 17.5 million people were displaced by climate-related disasters, ten times more than the 1.7 million displaced by geophysical hazards. What is causing the increase in natural disasters and what effect does it have on the economy? Climate Change and Natural Disasters sends three messages: human-made factors exert a growing influence on climate-related disasters; because of the link to anthropogenic factors, there is a pressing need for climate mitigation; and prevention, including climate adaptation, ought not to be viewed as a cost to economic growth but as an investment. Ultimately, attention to climate-related disasters, arguably the most tangible manifestation of global warming, may help mobilize broader climate action. It can also be instrumental in transitioning to a path of low-carbon, green growth, improving disaster resilience, improving natural resource use, and caring for the urban environment. Vinod Thomas proposes that economic growth will become sustainable only if governments, political actors, and local communities combine natural disaster prevention and controlling climate change into national growth strategies. When considering all types of capital, particularly human capital, climate action can drive economic growth, rather than hinder it.
Climate Change Challenges And Opportunities In Latin America And The Caribbean
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Author : Anna Ivanova
language : en
Publisher: International Monetary Fund
Release Date : 2024-07-19
Climate Change Challenges And Opportunities In Latin America And The Caribbean written by Anna Ivanova and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-19 with Business & Economics categories.
The analysis in the book suggests that LAC countries are facing substantial challenges related to climate change but have tools at their disposal to seize the opportunities that the climate change presents. To maximize opportunities and minimize the risks LAC countries will need to improve flexibility and adaptability of their economies. Policies aimed at supporting the reallocation of labor and capital across sectors, investing in basic skills and human capital, improving transparency and economic governance to encourage investment in technology and know-how, and creating fiscal space to manage the climate transition would help LAC countries position themselves to take advantage of the opportunities afforded by the climate transition.
Belize
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Author : International Monetary Fund. Western Hemisphere Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-15
Belize written by International Monetary Fund. Western Hemisphere Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-15 with Business & Economics categories.
Belize: Selected Issues
Seychelles
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2017-06-20
Seychelles written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-20 with Business & Economics categories.
This paper takes stock of Seychelles’ plans to manage climate change, from the perspective of its macroeconomic implications. It suggests macro-relevant reforms that could strengthen the plans’ likelihood of success. It highlights high public awareness and a body of existing sustainable development planning, which puts Seychelles several steps ahead toward preparedness. Next steps would be to ensure that climate change planning is integrated with the forthcoming National Development Plan. Disaster preparedness is a relatively strong point, but there is much still to be done—from improving warning systems to resilience building to contingency financing.
Jamaica
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-07
Jamaica written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-07 with Business & Economics categories.
Jamaica has built a strong track record of investing in institutions and prioritizing macroeconomic stability. This aided the country to adapt to the difficult global environment of the past few years. The authorities provided targeted support to the economy during the pandemic but promptly scaled it back as conditions normalized. Similarly, in the wake of the war in Ukraine, domestic food and energy prices were left to adjust to shifts in international markets while targeted support was provided to the poor. The economy is expected to continue its post-COVID recovery, with inflation returning to the central bank’s target range by end-2023. The outlook is subject to downside risks from potential new COVID waves, higher commodity prices, a global slowdown, and tighter than expected global financial conditions.