The Paris Agreement signals increased climate awareness and potential changes in the business environment as an economy decarbonizes. Ratification of the Paris Agreement could heighten climate-related transition risks, especially for companies in high-emitting industries. This research analyzes...

We examine the role of governance and vulnerability to climate change in green growth using a global panel data set of 122 countries in 2000.2012. We find that, as expected, governance has a positive effect on environmental performance and vulnerability to climate change has a negative effect....

The authors examine the role of governance and vulnerability to climate change in green growth using a global panel dataset. They find that governance has a positive effect on environmental performance and vulnerability to climate change has a negative effect. Promoting good governance and...

In this paper, we study the implications of climate change on fiscal sustainability and inequality. First, using rich panel data, we show that rising climate-related disaster risks increase government debt and harm fiscal sustainability. We also find that the adverse effect of disaster risks is...

We analyze the relationship between climate risk and fiscal space in a systematic and rigorous way. To do so, we use panel local projections to examine the role of political stability and financial development in the relationship. For a sample of 199 economies in 1990-2022, we first empirically...

Observers repeatedly predict that climate change will lead and is already causing massive migration with very large numbers of people forced to leave their homes in cataclysmic waves of climate refugees. Yet, most of the empirical research on the contemporary link between climate change and...

Climate change appears to be increasing the frequency and magnitude of extreme weather events, negatively affecting communities as well as posing long-term sustainability challenges to insurance (risk transfer) mechanisms. New Zealand’s public natural hazard insurer, the Earthquake Commission...