Climate change can cause large economic disruptions by introducing new risks to supply chains and changing demand patterns. This economic memo explores how climate change, via its impact on global temperatures, transmits to inflation in Europe, with a countryspecific focus on Denmark, Norway and...

Extreme heat imperils health and results in more emergency department (ED) visits and hospitalizations. Since temperature affects many individuals within a region simultaneously, these health impacts could lead to surges in healthcare demand that generate hospital congestion. Climate change will...

Although climate change is a global challenge, its effects occur locally and differ by region. A feasible adaptation strategy needs to assess regional damages and their socio-economic effects. For Germany, the largest threat comes from extreme weather events, which will impact residential and...

Strongly correlated and spatially concentrated curtailment of power plants strongly affects the electricity market. Such curtailment is observed during heat waves in middle Europe, for example. First, curtailed power plants need to be substituted by more expensive ones. Second, additional...

Strongly correlated and spatially concentrated curtailment of power plants strongly affects the electricity market. Such curtailment is observed during heat waves in middle Europe, for example. First, curtailed power plants need to be substituted by more expensive ones. Second, additional...

We investigate the role of jumps in transmitting volatility between foreign exchange markets (Engle, Ito, and Lin, 1990; Melvin and Peiers Melvin, 2003; Cai, Howorka, and Wongswan, 2008). We show that recently developed estimators have very different implications for the impact of jumps on exchange rate...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant's production capacity. This problem may intensify with climate change. To what extent do such capacity reductions affect electricity spot markets? Who bears...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant’s production capacity. This problem may intensify with climate change. To what extent do such capacity reductions affect electricity spot markets? Who...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant's production capacity. This problem may intensify with climate change. To what extent do such capacity reductions affect electricity spot markets? Who bears...

Extremal events are difficult to model since it is difficult to characterize formally those events. The 2003 heat wave in Europe was not characterized by very high temperatures, but mainly the fact that night temperature were no cool enough for a long period of time. Hence, simulation of several...

Heat waves have taken place more and more frequently in Beijing due to the rapid urban expansion since the mid-1970s, which has been greatly affecting people’s life and social production. The aim of this paper was to provide a novel process which can be employed to accurately forecast the heat...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant's production capacity. This problem may intensify with climate change. Our study quantifies the impact of forced capacity reductions on market prices,...

Several changes to the world’s electrical power systems and grids threaten to require massive infrastructure investment and cost to power utilities, especially increasing population and electrical energy demands, especially peak summertime air conditioning demands, and mismatches between...

Of the various types of disasters caused by extreme climate and weather, extreme temperature events (ETEs) have led to a heightened awareness due to their increasing frequency, intensity, widespread distribution, and severe health impacts. Although many previous studies have surveyed the severe...

Extreme temperature events (ETEs) are important climatological natural disasters whose consequences have been largely underappreciated due to current challenges in defining them and measuring their impacts. Taking an exploratory approach, this study examines the historical records of 422 ETE...

For assessing the social dimension of vulnerability, population exposure mapping is usually considered the essential starting point. Integration of social structure then further differentiates situation-specific vulnerability patterns on a local scale. Census data available in heterogeneous...

The urban heat island (UHI), together with summertime heat waves, foster’s biophysical hazards such as heat stress, air pollution, and associated public health problems. Mitigation strategies such as increased vegetative cover and higher albedo surface materials have been proposed. Atlanta,...

Two strong heat waves in the summer of 2003 determined elevated heat discomfort conditions all across the Western Europe. In this context, the analysis of hourly Heat Index values in the city of Naples (Southern Italy) showed prolonged heat discomfort conditions during the second half of June...

Extreme heat events are natural hazards affecting Canada and many other regions of the world. This paper presents an overview of the issues involved in defining heat waves and harmful hot weather events, followed by a spatial and historical overview of heat waves across Canada, and an assessment...