Climate Shock

In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences.

Climate Shock

If you had a 10 percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a 10 percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future--why not our planet? In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. They show that the longer we wait to act, the more likely an extreme event will happen. A city might go underwater. A rogue nation might shoot particles into the Earth's atmosphere, geoengineering cooler temperatures. Zeroing in on the unknown extreme risks that may yet dwarf all else, the authors look at how economic forces that make sensible climate policies difficult to enact, make radical would-be fixes like geoengineering all the more probable. What we know about climate change is alarming enough. What we don't know about the extreme risks could be far more dangerous. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance--as a risk management problem, only here on a global scale. With a new preface addressing recent developments Wagner and Weitzman demonstrate that climate change can and should be dealt with--and what could happen if we don't do so--tackling the defining environmental and public policy issue of our time.

More Books:

Climate Shock
Language: en
Pages: 272
Authors: Gernot Wagner, Martin L. Weitzman
Categories: Business & Economics
Type: BOOK - Published: 2016-04-19 - Publisher: Princeton University Press

If you had a 10 percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a 10 percent chance this might
How Do Climate Shocks Affect the Impact of FDI, ODA and Remittances on Economic Growth?
Language: en
Pages: 41
Authors: Alassane Drabo
Categories: Business & Economics
Type: BOOK - Published: 2021-07-23 - Publisher: International Monetary Fund

The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on some country characteristics such as human
We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain
Language: en
Pages: 57
Authors: Alan Feng, Haishi Li
Categories: Business & Economics
Type: BOOK - Published: 2021-01-22 - Publisher: International Monetary Fund

Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our findings on historical data between 1970 and 2018, we observe that globalization increased the similarity of
A user guide to the CCAFS Gender and Climate Change Survey data
Language: en
Pages: 47
Authors: Bryan, Elizabeth, Bernier, Quinn, Ringler, Claudia
Categories: Political Science
Type: BOOK - Published: 2018-07-03 - Publisher: Intl Food Policy Res Inst

The CCAFS Gender and Climate Survey data were collected in 4 sites in Africa South of the Sahara in early 2013 as part of the CGIAR Research Program on Climate Change Agriculture and Food Security (CCAFS) under the project on Increasing Women’s Resilience to Confront Climate Change.2 The survey grew
This Changes Everything: Climate Shocks and Sovereign Bonds
Language: en
Pages: 24
Authors: Mr.Serhan Cevik, João Tovar Jalles
Categories: Business & Economics
Type: BOOK - Published: 2020-06-05 - Publisher: International Monetary Fund

Climate change is already a systemic risk to the global economy. While there is a large body of literature documenting potential economic consequences, there is scarce research on the link between climate change and sovereign risk. This paper therefore investigates the impact of climate change vulnerability and resilience on sovereign