Physical climate risks can have a large regional impact, which can influence mortgage loans' credit risk and should be priced by the lenders. Motivated by the relevance of climate change for financial intermediaries, our paper aims at analysing if physical climate risks are being reflected in...

The new loss and damage funding framework under the United Nations Framework Convention on Climate Change (UNFCCC) emphasises the importance of channelling support through national systems and mechanisms. This approach could prove particularly challenging for African least developed ountries...

We utilize region-day variation in actual vs. forecasted weather conditions (i.e. forecasting errors) to comprehensively investigate the effects of the first heat-health warning system in Japan. We find that heat alerts led to a 17% increase in heat stroke counts. An analysis of mechanisms...

Do sovereign credit ratings take into account physical and transition climate risks? This paper empirically addresses this question using a panel dataset that includes a large sample of countries over two decades. The analysis reveals that higher temperature anomalies and more frequent natural...

We investigate whether climate activism favors pro-environmental consumption by examining the impact of Fridays for Future (FFF) protests in Italy on second-hand automobile sales in rallyaffected areas. Leveraging data on 10 million automobile transactions occurring before and after FFF...

Rapid urbanization in Lebanon poses problems of adaptation to climate change. This article aims to forecast and characterize urban growth, and to cross-analyze urban growth with anticipated temperature and precipitation information. It uses a combination of land use and land cover forecasts with...

Urban planning, through design and land use allocation, affects urban climate dynamics and patterns at different atmospheric layers and spatial scales. Climate sensitive planning and design draws attention to the consideration of climate parameters for decision making. Seeking to contribute to...

This paper formalizes the geopolitical externality of climate policy and estimates its plausible magnitudes. Specifically, domestic reductions in fossil fuel demand depress global prices, thereby lowering export revenues for resource-rich autocracies - many of which allocate substantial...

A key element in the transition to net zero carbon emissions is increasing the use of renewable energy, especially wind and solar energy, and scaling up energy storage sustainably to enable their greater use. This paper discusses the advantages and challenges of scaling up renewable energy...

This paper examines the impact of natural disasters on fiscal and external sustainability across 134 economies from 1980 to 2023. We adopt a two-step approach: first, we estimate country-specific, time-varying sustainability coefficients; second, we assess their determinants using Weighted Least...

Climate change stands as one of the most formidable challenges in the twenty-first century. Despite this, our understanding of the unfolding and interconnection of climate-related physical and transitional risks, and their implications for socioeconomic dynamics along various transition...

Against the backdrop of a protracted conflict, The Republic of Yemen faces complex and multifaceted development challenges that demand the country's resources and attention. These challenges will worsen if the country remains vulnerable to extreme weather events and climate-related hazards....

This study is a novel attempt to analyze the patterns and trends of urbanization in medium to large cities in Central Asia. It encompasses a broad range of parameters, and employs an evidence-based approach to outlining strategic directions and actions for fostering green and resilient urban...

The Middle East and North Africa faces significant climate challenges, such as increasing temperatures, heightened flood risks, frequent droughts, and growing air pollution issues. These challenges are compounded by the large proportion of the population living below the poverty line in some...

Are firms adapting to climate change? This paper studies this question by combining geocoded World Bank Enterprise Survey data with spatially granular weather data to estimate temperature response functions for nearly 160,000 firms in 134 countries over a 15-year period. Our results show that...

This report aims to summarize the third edition of the World Bank FAO Knowledge Session series, including the topics covered, the countries featured and the impact of the various sessions. The report is also an opportunity to summarize the case studies and actionable solutions gathered and...

Across Africa, rising populations and increased socioeconomic activity in coastal areas are resulting in increasing marine pollution. Rather than expand their Blue Economies, countries need to combat pollution in coastal and marine waters to mitigate the threats posed to biodiversity, ecosystem...

To effectively address the interrelated crises of food insecurity, malnutrition, climate change and ecosystem degradation, there is growing recognition that one need to transform the agrifood systems to deliver safe and nutritious food as part of healthy diets for all, while conserving and...

Climate change impacts the planet overall, and the Blue Economy is not exempt from these effects. On the contrary, the ocean is a major regulator of global and regional weather, and ocean acidification is a fundamental influencer of coastal and marine ecosystems. Climate change is already...

I employ geo-coded household-level data over 2015-2016 combined with a gridded dataset to quantify the impact of marine heatwaves on labor market outcomes in coastal India. I construct an average measure of exposure to marine heatwaves for each household and find that one additional degree...

This study investigates how farmers, rural residents, and urban residents compare when it comes to perceptions and understanding of climate change, as well as willingness to make changes in their lives to reduce greenhouse gas (GHG) emissions. The study takes place in a context where there is an...

Using a novel dataset in a difference-in-differences framework, I study the political implications of the change in policies protecting drought-impacted communities in Tunisia in 3088 districts. In 2016, the Tunisian government had drastically reduced support to farmers affected by droughts. I...