This article reviews the literature on the economic impacts of disasters caused by extreme weather and climate events to draw lessons on how societies can better manage these risks. While evidence that richer, better governed societies suffer less and recover faster from climate extremes...

In 2008, the European Union established what seemed like an ambitious cap (−21% from 2005 levels) for the third phase (2013–2020) of the European Union Emissions Trading Scheme (EU ETS). Ex ante modeling — which took account of the reductions in emissions resulting from meeting the...

The increase in weather and climate disasters in recent years has prompted an interest in analyzing their consequences and the mitigation and adaptation measures that can help minimize their potentially large impacts on individuals’ welfare. We match thirty-one billion-dollar disasters with...

We match forty-two billion-dollar disasters with individual survey data from the Behavioral Risk Factor Surveillance System between 2005 and 2010 to estimate the effect of extreme weather events on the subjective well-being of U.S. residents Our results indicate that natural disasters have a...